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Wheelock Properties Q1 profit down 14% at S$12.26m

Published Mon, May 11, 2015 · 09:50 PM

Singapore

DESPITE revenue almost quadrupling, Wheelock Properties (Singapore)'s net profit fell 14 per cent year on year to S$12.26 million, for the first quarter ended March 31.

The surge in revenue to S$99.24 million - from S$25.28 million - was thanks mainly to revenue recognised from The Panora…

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