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CORPORATE EARNINGS

SGX firms' Q1 profits skid almost 40%; Q2 expected to worsen

Almost all sectors saw significant profit drop, especially industrials, healthcare, property

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About one in three locally listed firms chalked up losses for the quarter ended in January to March, with total profits down almost 40 per cent. This was a much poorer showing than last year, when a trade war took its toll on companies. But pundits said the April-to-June quarter corporate results could be uglier.

Singapore

ABOUT one in three locally listed firms chalked up losses for the quarter ended in January to March, with total profits down almost 40 per cent. This was a much poorer showing than last year, when a trade war took its toll on companies. But pundits said the April-to-June quarter...

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