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Ho Bee Land's Q4 net profit falls 20.5% to S$81.4m
Add BT as a preferred sourcePublished Mon, Feb 25, 2019 · 09:50 PM
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Singapore
A PROVISION for a potential tax liability brought down Ho Bee Land's fourth quarter net profit by 20.5 per cent to S$81.4 million.
The potential tax liability amounting to S$20.3 million relates to the group's gain on sale of Hotel Windsor in 2013, due to authorities raising an additional tax assessment in 2018.
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