GP Industries' Q3 profit falls in absence of large one-off gain

Singapore

BATTERIES manufacturer GP Industries on Wednesday posted a 9.4 per cent slip in net profit for the fiscal third quarter as an impact from currency effects, and the absence of a large exceptional gain, more than offset higher sales.

Net profit for three months ended Dec 31, 2015, stood at S$8.07 million, compared with S$8.91 million in the year-ago period. This translated into earnings per share of 1.66…