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Sim Lian, Lee Kim Tah report lower profits

SIM LIAN Group yesterday posted a 48 per cent slide in net profit to $17.1 million, on the back of a 50.7 per cent drop in revenue to $96.5 million for its third quarter ended March 31, 2014. Earnings per share for the quarter fell to 1.7 cents, from 3.3 cents a year ago. This was due to lower