QAF's Q3 profit up 84% on deconsolidation of JV's financial results

Singapore

REDUCED expenses from the deconsolidation of the financial results of its Malaysian joint venture lifted QAF's bottomline despite denting its revenue for Q3 2016.

Third-quarter net profit soared 84 per cent to S$19.36 million, supported by reduction in costs and expenses. Earnings per share was 3.4 cents compared with 1.9 cents a year ago.