Hyflux bottom line hit by lower disposal gains
Q2 and H1 profits fall 58% and 68% respectively
Singapore
WATER-TREATMENT group Hyflux said that it was looking out for more opportunities to sell off assets as it posted a sharp drop in earnings for the second quarter amid what it called a "challenging macro-economic environment".
Net profit for the three months ended June 30 dived 58 per cent to S$25.95 million from the previous year, it said in a Singapore Exchange filing. That was in spite of an 18 pe…
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