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Triyards Q1 net slumps 66% on lower gross margin

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First quarter net profit of mainboard-listed Triyards slumped 66 per cent to US$2.07 million as its gross margin from projects fell under a competitive market environment.

Singapore

FIRST quarter net profit of mainboard-listed Triyards slumped 66 per cent to US$2.07 million as its gross margin from projects fell under a competitive market environment. Earnings per share was 0.64 US cents compared to 1.9 US cents a year ago.

The yard operating arm of

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