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Stamford Tyres Q2 profit drops 98.8% on costs

Singapore

TYRE and wheels distributor Stamford Tyres Corp reported second-quarter net profit of just S$19,000, a near 99 per cent year-on-year plunge from S$1.62 million in FY18, due to higher costs.

This was despite second-quarter revenue for the period ended October 2018 rising 7

sentifi.com

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