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Wheelock Q1 profit dives in absence of disposal gain

Revenue slips 6.5% to $25.3m while bottom line is down 86.5%

Singapore

WHEELOCK Properties (Singapore)'s first-quarter net profit has slumped 86.5 per cent to $14.3 million, from $105.3 million a year ago. This was due mainly to the previous first quarter being boosted by a $93.8 million accounting gain on disposal of SC Global Developments shares

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