Straits Trading Q4 net profit more than doubles to S$29.7m

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Straits Trading Q4 net profit more than doubles to S$29.7m.

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Chew Gek Khim, executive chairman of Straits Trading, said:"We achieved outstanding financial results while strengthening the various engines of growth within our real estate ecosystem.

Straits Trading's performance translates to an earnings per share of 7.3 Singapore cents, up from 3.5 cents a year ago. Revenue slipped 33.1 per cent to S$70 million due to a 37 per cent fall in tin mining and smelting revenue to S$59.8 million, which was slightly offset by a rise in revenue from its enlarged property portfolio to S$10.3 million from S$9.8 million.

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