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Tiong Woon's FY14 profit up 25%

DESPITE an 18 per cent fall in revenue to S$165.3 million, Tiong Woon Corporation Holding's full-year net profit rose 25 per cent to S$22.1 million. Contributing to the jump in profit attributable to equity-holders for the financial year ended June 30 (FY14) were improved gross profit margin,