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Fair value adjustment lifts Rowsley Q1 gain

CEO expresses disappointment that proposed Myanmar venture fell through


INTEGRATED real estate firm Rowsley posted a 70 per cent jump in net profit to S$3.1 million for the first quarter ended March 2015 from S$1.8 million a year ago.

Much of that came from a rise in other income due to fair value adjustment of S$4.1 million arising from its