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Oxley's Q2 profit down 45% on lower revenue, thinner margins

Earnings also hit by fair value loss of S$17m on financial instruments; company proposes one-for-five bonus share issue

Singapore 

LOWER turnover and thinner margins for projects sold in the second fiscal quarter, coupled with a fair value loss of nearly S$17 million on financial instruments, took a toll on Oxley Holdings' earnings.

For the three months ended Dec 31, 2017, net profit dived 45 per...

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