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Lee Metal reports 32% rise in 1Q earnings to $2.9 mil on lower contribution from property business

PC Lee
PC Lee5/14/2018 06:41 PM GMT+08  • 2 min read
Lee Metal reports 32% rise in 1Q earnings to $2.9 mil on lower contribution from property business
SINGAPORE (May 14): Lee Metal Group reported a 32% rise to 1Q18 earnings ended March to $2.9 million from $2.2 million a year ago.
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SINGAPORE (May 14): Lee Metal Group reported a 32% rise to 1Q18 earnings ended March to $2.9 million from $2.2 million a year ago.

For 1Q18, group turnover increased 23.4% to $100.4 million from $81.4 million in the corresponding quarter last year.

The higher turnover was attributable to Property Development and Investment business which contributed $21 million, but partially offset by Fabrication & Manufacturing business which decreased $2 million.

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