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Boustead Projects' Q1 profit slips 19%, led by higher finance expenses

Revenue remains flat at S$56.6m


REAL-ESTATE solutions specialist Boustead Projects reported a 19 per cent drop in its net profit for the first quarter ended June 30, 2015, to S$4.8 million due to higher finance expenses, foreign-exchange losses and weaker margins.

After adjusting for unrealised currency...