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Global Premium Hotels Q2 profit down 22.2%

GLOBAL Premium Hotels Limited yesterday said that its net profit for the fiscal second quarter ended June 30, 2014 fell 22.2 per cent y-o-y to S$3.81 million. Turnover slipped 5.6 per cent to S$14.52 million, due to a combination of factors including the closure of Fragrance Hotel - Elegance in