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

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Published Fri, Nov 11, 2016 · 09:50 PM

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QAF

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.

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