Monday 6 July 2020
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businesstimes - 1 month ago

SGX firms Q1 profits skid almost 40%; Q2 expected to worsen

ABOUT one in three locally listed firms chalked up losses for the quarter ended in January to March, with total profits down almost 40 per cent. This was a much poorer showing than last year, when a trade war took its toll on companies. But pundits said the April-to-June quarter corporate results could be uglier.


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