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Fidrec surplus improves on slashed staff, office costs

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Published Thu, Nov 12, 2015 · 09:50 PM

    Singapore

    THE Financial Industry Disputes Resolution Centre (Fidrec) has reversed its fortunes in its tenth financial year - between last July and this June - despite a lower revenue.

    The financial mediator posted a surplus before income tax of S$534,408 for the financial year ended June 30, a turnaround from the deficit before income tax of S$29,292 a year ago.

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