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Raffles Education posts profit of $23.8m in Q3

Divestment of investment properties cited

THANKS to a divestment of investment properties, Raffles Education Corporation ended its fiscal third quarter with a net profit of $23.84 million, against $4.46 million a year earlier.

Earnings per share rose from 0.43 cent to 2.32 cents. No dividends were declared for the period.

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