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Stamford Land Q3 profit down 14.7% on weaker sales

STAMFORD Land Corporation on Tuesday said that net profit for the fiscal third quarter fell 14.7 per cent on weaker sales.

Net profit for the three months ended Dec 31, 2014 stood at S$12.8 million compared to S$15 million from a year ago.

Revenue fell 18.8 per cent to S$67.8 million.