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Disposal gain boosts Swiber's Q1 bottomline

Higher contributions too from associates in Indonesia, S'pore
Friday, May 16, 2014 - 06:00

SWIBER Holdings's first-quarter net profit more than doubled to US$48 million, from US$20.1 million a year earlier, owing to a gain from disposal of its subsidiaries. The rise in profit attributable to shareholders came amid a 35.6 per cent fall in revenue to US$199.5 million. This was because a

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