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Forex provisions hit QAF earnings
Published Fri, Feb 21, 2014 · 10:00 PM
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Singapore
QAF Ltd, better known for its Gardenia Bread, reported a 13 per cent decline in net profit to $30.19 million for the full year ended Dec 31 due mainly to its provision for unrealised foreign exchange loss.
The group's revenue for 2013 rose 4 per cent from a year a…
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