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First Sponsor posts Q2 turnaround

Chinese developer achieves S$7.62m profit; IPO expenses contributed to year-ago quarter's loss


AMID uncertainty in the China property market, Chinese property developer First Sponsor Group has achieved a net profit of S$7.62 million for its second quarter ended June, up from a net loss of S$3.25 million a year-ago.

The group's bottomline growth was supported by a

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