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Hiap Hoe Q3 net swells to $33.3m

S'pore residential projects give boost to earnings

PROGRESSIVE revenue recognition from three residential projects helped property group Hiap Hoe to more than double its third quarter net profit to $33.3 million from $13.3 million a year ago. Earnings per share for the three months ended Sept 30 rose to 7.07 cents from 2.83 cents last year.