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HLA's Q1 profit declines 8.1% to $13.3m

Margins compression cited; profit expected for next quarter

HONG Leong Asia (HLA), the trade and industrial arm of the Hong Leong Group, posted an 8.1 per cent decline in net profit to $13.3 million for the first quarter ended March 31, owing to margins compression.

Despite the headwinds faced by most business units, HLA said it expected to report...

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