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Bukit Sembawang Q3 profit drops 20.8%

Firm warns of challenging conditions that will hurt sales

Published Fri, Feb 7, 2014 · 10:00 PM

Singapore

PROPERTY firm Bukit Sembawang Estates has warned that challenging conditions in the residential market are expected to "adversely affect" sales in the year ahead.

Its comments came yesterday in its financial statements in which it reported a 20.8 per cent fall in net profit for the fiscal third quarter on lower sales.

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