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Dyna-Mac's Q1 profit falls 76%

DYNA-MAC posted a 76 per cent drop in net profit to S$1.7 million in the first quarter ended March 2015, from S$7.1 million a year ago.

Revenue was halved to S$39.8 million from S$78.9 million. The firm said the lower revenue was due to its projects over the quarter being mostly in their initial stage of production.

Earnings per share stood at 0.17 Singapore cent from 0.70 Singapore cent before.