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Valuetronics Q3 profit up 2.6% on lower income tax expense

Published Tue, Feb 12, 2019 · 09:50 PM

Singapore

A DROP in income tax expense lifted Valuetronics Holdings' third-quarter net profit, despite a 7.5 per cent decline in revenue.

For the three months ended Dec 31, 2018, net profit for the electronics manufacturing services company rose 2.6 per cent to HK$59.7 million (S$10.4 million), as income tax expense fell 24.2 per cent to HKS$6.7 million.

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Companies & Markets

Companies & Markets

Valuetronics Q3 profit up 2.6% on lower income tax expense

Companies & Markets

Universal Music Group reaches new licensing agreement with TikTok

Sumitomo to bolster shareholder returns in new mid-term plan

US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform

ST Engineering bags more than S$175 million in contracts to upgrade Singapore’s public bus fleet

ING unveils 2.5 billion euros buyback as profit beats estimates

Prosper Cap halts operations at UK hotel after fire breaks out

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