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Heeton's Q1 profit falls 56% to S$2.6m

Revenue up 12.4% as firm recognises sales proceeds from Onze@Tanjong Pagar

Published Sun, May 14, 2017 · 09:50 PM

Singapore

HEETON Holdings' first-quarter net profit fell 55.9 per cent to S$2.56 million in the absence of recognised profit from completed projects.

On a per-share basis, the property developer recorded profit of 0.79 Singapore cent for the three months ended March 31.

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