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Nam Lee H1 profit plunges 97% to S$125,000 on slower progress, reduced production

NAM Lee Pressed Metal Industries posted a 97 per cent drop in net profit to S$125,000 for the half year ended March 31, from about S$4.1 million a year ago.

Its gross profit fell due to slower progress of projects and a reduction in production output, while its other operating expenses...

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