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Boustead posts 60% drop in Q1 earnings

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Mindy Tan

Mindy Tan

Published Wed, Aug 12, 2015 · 09:50 PM

Singapore

BOUSTEAD Singapore's net profit for the first quarter ended June 30, 2015, fell 61 per cent to S$6.3 million, from S$16.1 million for the year-ago period. This was on the back of revenue falling 8 per cent to S$116.7 million.

The group's gross profit margin dipped to 32 per cent from 34 per cent amid a challenging global business environment.

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