The Business Times
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Revaluation, disposal gains boost IPC's FY14 earnings

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Published Mon, Feb 2, 2015 · 09:50 PM
IPC Corporation

Singapore

GAINS from the revaluation of investment properties in Japan, as well as disposal of others, boosted IPC Corporation's FY14 net profit by 57.1 per cent to S$28.6 million.

This was despite the property developer and hospitality group's 28.9 per cent drop in sales to S$33.4 million from a high base in FY13.

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