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Keppel Land Q1 profit down 9.2% to $87.7m

Lower contributions from associates and absence of a tax writeback hit results

KEPPEL Land's net profit for the first quarter ended March 31 slipped 9.2 per cent to $87.7 million, dragged down by lower contributions from associates and jointly controlled entities and the absence this time round of a tax writeback.

Its revenue grew 37.6 per cent year-on-year to $284....

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