, despite an increase in turnover from new pre-schools. Net profit tumbled 73.1 per cent year on year to S$300,000, MindChamps said on Thursday night. Its shares closed flat at S$0.55, before the results were released., as the construction and building materials division recognised less revenue. The fall in the bottom line also came amid lower rental and other income, Koh Brothers said on Thursday night. Its shares last changed hands on Wednesday at 20.5 Singapore cents.
57 Singapore cents a year ago, according to results released on Thursday after market close. The manager blamed the lower DPU on a weakening yuan, as well as “technical timing difference between the loan drawdown and completion of acquisition of Fuzhou E-Commerce”. Its units closed unchanged at S$0.74.LTH Logistics , in a deal disclosed on Thursday evening. Vibrant will buy out the vendor’s 49 per cent interest for S$13.5 million in cash, funded by the group’s internal resources.
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