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Challenger's 2015 profit rises 23% despite 1% fall in revenue

Profit lifted by govt grants, closure of M'sian retail ops

CHALLENGER Technologies has posted a net profit of S$18.2 million for 2015, up 23 per cent from S$14.8 million in 2014, despite a one per cent dip in revenue.

The IT and electronics retailer said that this was due to higher government grants received and lower operating expenses from the...