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Tuan Sing Q3 earnings down 52%

Net falls to $5.8m on lower revenue from sale of redevelopment properties

PROPERTY developer Tuan Sing Holdings posted a 52 per cent year-on-year decline in third-quarter net profit to $5.8 million, on lower revenue from the sale of development properties. Group revenue for the three months ended Sept 30, 2013, fell 35 per cent to $54.2 million. For the nine months to