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UOL's Q3 profit slips 2% to S$101m

PROPERTY firm UOL Group said on Wednesday its net profit slipped 2 per cent for the third quarter on lower revenue.

Net profit for the three months ended Sept 30, 2015, stood at S$101 million, down from S$103 million a year ago.

Revenue fell 18 per cent to S$354 million. In the year-ago period, the group had recognised S$212.2 million from a project out of Tianjin, China.

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