In brief

Tee International Q2 profit slips 5.8%

TEE International's profit for the second quarter ended Nov 30, 2014 dipped 5.8 per cent to S$1.52 million, mainly due to lower turnover from ongoing engineering projects and higher administrative expenses. Revenue fell 14.2 per cent to S$43 million. Earnings per share stood at 0.31 Singapore cents, while net asset value per share was 19.2 cents. An interim dividend of 0.18 cents per share was declared for the quarter.

Zico plans JV with Stamford Law Corp