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Hiap Hoe returns to the black with net profit of S$16.2m in Q4

Singapore

PROPERTY developer Hiap Hoe registered a net profit of S$16.2 million for the fourth quarter ended Dec 31, a turnaround from its net loss of S$13.3 million in the previous corresponding period.

Part of this was due to a gain on bargain purchase of S$13.5 million, which...