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TEE International posts 89.3% rise in 3Q earnings but 9M still mired in losses

The Editor
The Editor4/11/2019 07:25 AM GMT+08  • 2 min read
TEE International posts 89.3% rise in 3Q earnings but 9M still mired in losses
SINGAPORE (Apr 11): TEE International reported 3Q19 earnings rose by 89.3% to $708,000 million, compared to $374,000 in 3Q18.
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SINGAPORE (Apr 11): TEE International reported 3Q19 earnings rose by 89.3% to $708,000 million, compared to $374,000 in 3Q18.

The stronger bottomline also narrows its 9M losses to $5.03 million from $5.76 million a year ago.

Revenue for the quarter more than doubled to $134.1 million from $64.7 million last year, due mainly to the higher contribution of progressive revenue from on-going engineering projects and inclusion of revenue from the waste and recycling management subsidiaries.

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