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Oxley's Q2 earnings dive 90%

Net profit dips to S$3.56m even as turnover falls by 12.5% to S$311.2m

Annabeth Leow

Annabeth Leow

Published Mon, Feb 10, 2020 · 09:50 PM
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MAINBOARD-LISTED developer Oxley Holdings saw its second-quarter earnings decimated by a sharp decrease in other gains, on the absence of a fair-value gain as an investment property in Dublin was revalued, according to results posted on Monday.

The group's second-quarter net profit plummeted by 90 per cent year-on-year to S$3.56 million for the three months to Dec 31, 2019.

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