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Megachem's FY13 net profit falls 21%

Gross profit down 1.2% despite higher sales from Asean, American markets

SPECIALITY chemicals distributor Megachem posted a 21.1 per cent decline in net profit attributable to equity-holders to $2.5 million for the financial year ended Dec 31, 2013, from $3.17 million a year ago. Revenue rose 2.3 per cent to a record $108.7 million from $106.3 million a year earlier

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