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Hiap Hoe's Q1 earnings surge to $354.2m

Singapore REAL estate group Hiap Hoe's net profit for the first quarter ended March 31, 2014, surged to $354.2 million from $10.2 million a year earlier. This was boosted by the recognition of negative goodwill of $148.7 million arising from the acquisition of SuperBowl. In addition, the group