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Oil slump continues to hit Rotary
But group manages to improve margins; expects continued pressure on profits
Add BT as a preferred sourcePublished Wed, Nov 4, 2015 · 09:50 PM
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Singapore
ROTARY Engineering reported lower revenue for the third quarter ended Sept 30, and profit continued to slump with the completion of major projects despite better margins for the period.
The oil and gas infrastructure services firm's net profit of S$6.3 million was 42 per cent from S$10.9 million a year ago.
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