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Monday, 30 April 2007

Allgreen Properties' net profit more than quadrupled in Q1; Posted: 27 April 2007 1959 hrs

SINGAPORE: Property developer Allgreen Properties says its net profit more than quadrupled in the first quarter.

Earnings came to nearly S$50 million dollars, compared with some S$12 million in the year-ago period.

The numbers were boosted by improved revenues developing and investing in properties.

Revenue jumped about 161 per cent to S$181 million.

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