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Fewer building deals hit Low Keng Huat's Q4 earnings

Published Fri, Mar 31, 2017 · 09:50 PM

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Singapore

PROPERTY developer Low Keng Huat on Friday reported an 80 per cent plunge in net profit to S$6.3 million for its fourth quarter ended Jan 31, 2017.

This compared with the S$32.1 million in net profit that it reported a year ago, and the fall was mainly driven by a decrease in third party construction contracts.

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