TEE International Q3 profit slumps 58.9%
Non-controlling interests take big chunk of attributable earnings
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Singapore
TEE International registered a 58.9 per cent slump in third-quarter net profit as non-controlling interests took a bite out of the bottom line.
Profit attributable to shareholders was $567,000 for the three months ended Feb 28 after taking out $587,000 for minority interests. A year ago, when subsidiary TEE Land had yet to be listed, a $52,000 loss was attributed to minority interests.
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