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Midas chalks up Q3 profit of 16.41m yuan

MIDAS Holdings swung to a net profit of 16.41 million yuan (S$3.34 million) for the third quarter ended Sept 30, 2013, from a loss of 6.11 million yuan a year earlier.

Turnover rose 48.5 per cent to 301.04 million yuan from 202.74 million yuan, primarily driven by its aluminium alloy...