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Exceptional gains buoy Sinarmas Land's Q3 profit

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Published Thu, Nov 12, 2015 · 09:50 PM

Singapore

SINARMAS Land reported a 6.2 per cent rise in net profit attributable to shareholders for the third quarter ended Sept 30 to S$46.7 million as it recorded an exceptional gain from negative goodwill.

The negative goodwill of S$30.6 million during the quarter arose from the acquisition of a subsidiary in Indonesia PT Permata Kirana Lestari. This acquisition was announced on Thursday.

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