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Vallianz posts dip in Q1 earnings; wins new deal

Singapore

VESSEL provider Vallianz Holdings on Monday reported a 1.6 per cent drop in net profit to US$4.9 million, while revenue fell 18.8 per cent to US$49.3 million in its first quarter ended March 31, 2016.

Earnings per share fell from 0.15 US cents a year ago, to 0.14 US cents