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Trendlines turns around in 3Q with US$4.1 mil earnings on sale of ET View

Michelle Zhu
Michelle Zhu11/9/2016 08:12 AM GMT+08  • 2 min read
Trendlines turns around in 3Q with US$4.1 mil earnings on sale of ET View
SINGAPORE (Nov 9): Trendlines Group, the Israeli company focused on developing technology-based companies in the medical and agricultural fields, has swung back into the black in 3Q.
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SINGAPORE (Nov 9): Trendlines Group, the Israeli company focused on developing technology-based companies in the medical and agricultural fields, has swung back into the black in 3Q.

This was largely a result of the gain of US$2.1 million from the completion of the group’s sale of shareholdings in ET View Medical to Danish medical device company, Ambu A/S. The sale was completed in 3Q16.

(See also: Trendlines’ associate ET View to be sold to Denmark Ambu for US$16 mil and privatised)

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