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IOI Properties 3Q net profit down 54.8% due to buyer's stamp duty in S'pore

Mimi Sabreena 11:52:00 PM Informasi

KUALA LUMPUR (May 23): IOI Properties Group Bhd saw its net profit fall 54.8% to RM121.14 million or 2.72 sen a share in the third financial quarter ended March 31, 2017 (3QFY17) from RM267.96 million or 6.35 sen a share a year ago, mainly due to a one-off additional buyer stamp duty with interest of RM163.9 million incurred for the Trilinq project in Singapore during the current quarter under review.

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