Far East Orchard:on surging finance costs and a sharp drop in share of joint-venture profits. Net profit fell to S$3.42 million for the three months to March 31, down 55.4 per cent from S$7.67 million the year prior, according to unaudited financial statements released on Tuesday. While revenue slipped by 3.
6 million for the three months to March 31, with revenue also down 19.7 per cent to S$52.7 million. EPS was 2.44 Singapore cents, down from 3.06 cents. No dividend was recommended, unchanged from the same period the previous year. AEM closed up S$0.01 or 0.93 per cent to S$1.09 on Tuesday before the results were announced.from higher expenses, even though it notched turnover growth on recent acquisitions, in results released on Tuesday. Net profit came in lower by 13.
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