Tuan Sing's Q3 profit hit by impairment loss

Singapore

TUAN Sing Holdings has posted an 8 per cent drop in third-quarter net profit to S$16.2 million due to an impairment loss of S$7.7 million relating to the group's development land in Fuzhou, China.

"Excluding this impact, net profit would have been S$23.9 million or 36 per cent higher than that of last year, attributable to higher contributions from property in Singapore and …