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Finance costs drag Gallant into the red in Q2

A MORE than doubling of finance costs, from S$15.3 million to S$36.8 million, dragged Gallant Venture into the red in the second quarter despite revenue dipping just one per cent to S$554.3 million.

Gallant Venture, which in May last year acquired 52.35 per cent of PT Indomobil Sukses...

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