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ST Engineering Q3 profit drops 42% on impairment of China JV

Friday, November 11, 2016 - 05:50

Singapore

SINGAPORE Technologies (ST) Engineering posted a 42 per cent drop in net profit for the third quarter after it took a one-time S$61.1 million charge related to the expected closing of a road construction equipment business in China.

Net profit was S$76.7 million, or 2.47

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