Earnings recovery stalls for Singapore-listed companies in Q2
Analysts say slowdown to be expected due to Covid curbs as Delta variant spreads; successful vaccination plans should sustain recovery
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ON the face of it, Singapore-listed companies turned in a stellar set of earnings for the quarter to June. Combined group profits more than doubled to S$6.8 billion from the corresponding period a year ago.
Just over 70 per cent of the total of 118 listcos that released quarterly financial results were in the black, according to data compiled by The Business Times as at Aug 31.
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