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Boustead Projects Q3 profit up 165% at S$7.2m

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Published Wed, Feb 10, 2016 · 09:50 PM

Singapore

BOUSTEAD Projects' net profit more than doubled to S$7.2 million in its fiscal third quarter on wider gross margins.

The industrial real estate engineering and construction group said net profit for the three months ended Dec 31, 2015 rose 165 per cent from S$2.7 million in the year-ago period. On a per-share basis, quarterly profit was 2.2 Singapore cents.

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