Hyflux Q1 profit down 85% on lower divestment gains
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Singapore
LOWER divestment gains led to water solutions firm Hyflux posting a net profit of S$5.6 million for its first quarter ended March 31, 2015, down 85 per cent from S$37.9 million a year ago.
Revenue was down 32 per cent to S$60.4 million from S$88.3 million a year ago, mainly due to lower engineering, procurement and construction activities.
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