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MTQ falls after 35% Q1 net drop

OILFIELD engineering firm MTQ Corporation fell 6 cents or 3.4 per cent to S$1.69 last Friday after reporting a 35 per cent drop in net profit to S$4.2 million for its first quarter ended June 30, 2014. Revenue was down 19 per cent to S$76.7 million.

The company said revenue was down due...

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