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Raffles Education Q2 profit up 20%

Performance achieved despite 5% revenue fall

RAFFLES Education Corporation yesterday said its net profit for the fiscal second quarter ended Dec 31, 2013, rose 20 per cent year-on-year to $5.84 million despite a 5 per cent slip in revenue to $31.63 million.

The slight dip in revenue is due to a decrease in student numbers resulting