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TEE International back in the black for Q3

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MAINBOARD-LISTED TEE International Limited on Thursday announced profit attributable to owners of the company of S$611,000 for the third quarter ended Feb 29, 2016, compared with a loss of S$134,000 a year ago.

MAINBOARD-LISTED TEE International Limited on Thursday announced profit attributable to owners of the company of S$611,000 for the third quarter ended Feb 29, 2016, compared with a loss of S$134,000 a year ago.

Revenue for the quarter stood at S$46.48 million, 7.8 per cent higher than the previous year's S$43.14 million, due mainly to higher revenue from ongoing engineering projects.

Earnings per share came up to 0.12 Singapore cent for the quarter, compared to negative 0.03 Singapore cent a year ago.

No dividends have been reported for the period.

Eric Phua, deputy group managing director said: "While the engineering team is focused on delivering ongoing projects, we are also conscientiously and selectively pursuing projects in Singapore and the region."

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