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Property development boosts Sim Lian's Q1 net earnings

Group profit more than doubles to S$77m; company sees continued challenge in private residential market

Singapore

STRONG revenue booking from property development projects helped Sim Lian Group to more than double net earnings to S$71.66 million for the first quarter ended Sept 30, 2014 from S$27.68 million in the year-ago period.

Group revenue jumped to S$379.02 million from S$151.

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