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Popular posts 30.6% drop in Q3 earnings

Published on Mar 14, 2014 9:04 PM

Property and publishing helped offset a poorer showing from bookstores for retailer Popular Holdings in its third quarter.

The firm posted a 30.6 per cent tumble in net profit to $8.1 million for the three months ended Jan 31 from the preceding year, it said on Friday.

Turnover for the period eked out a meagre 2 per cent rise to $156.2 million from the year before.

The marginal revenue growth was mostly due to higher revenue from its property arm and its publishing and e-learning division, the firm said in a Singapore Exchange filing.

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