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Hong Leong Asia Q1 net profit down 64.6%

Singapore

HONG Leong Asia (HLA), the trade and industrial arm of Hong Leong Group, reported a 64.6 per cent slump in net profit from S$13.3 million a year ago to S$4.69 million for its first quarter ended March 31, 2015.

The lower net profit was mainly due to lower profit from the diesel engines unit Yuchai,...

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