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HPL's Q1 profit falls 68% to S$14.3m

Prisca Ang

Published Fri, May 8, 2015 · 09:50 PM

Singapore

HOTEL Properties Ltd's (HPL) net profit dipped 68 per cent to S$14.3 million for the first quarter ended March 31, 2015, largely due to lower profit contribution from two of its properties.

This came on the back of revenue falling 26 per cent to S$158.9 million.

The dip in revenue was primarily due to reduced contributions from the group's property division as its Tomlinson Heights condominium development was completed i…

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