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Raffes Education (S$0.315) Q1 profit dives 77%

kiasutrader
Publish date: Mon, 12 Nov 2012, 09:46 AM
Raffes Education Corporation posted a net profit attributable to equity'holders of $4mil for the 1Q ended Sept 30, down 77%. This was due primarily to a rise in other operating expenses of $9.3mil which comprised mainly provisions for potential compensation and demolition in OUC. Revenue rose 0.4% to $32.8mil.

Source: The Business Times
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