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JV offsets Wing Tai Holdings plunge

A 55 per cent drop in half-year revenue for Singapore property firm Wing Tai Holdings has been mitigated in part by gains from its Uniqlo JV in Malaysia and Singapore.

Also helpful was a higher share of profits from associated Wing Tai Properties in Hong Kong.

Net profit for the six months to the end of December lifted 3 per cent to S$3.19 million (US$2.26 million) compared to S$3.11 million from a year ago.

Revenue fell to S$131 million.

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