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UTILITIES | Staff Reporter, Singapore

Hyflux’s net profit down 28% to $57.5m in FY15

Due to fewer divestments.

Mainboard-listed Hyflux reported profit after tax and minority interests (PATMI) of S$41.3 million for FY15 28% decrease from S$57.5 million PATMI recorded in 2014.

The lower PATMI was due mainly to lower level of divestment activities in 2015 compared with 2014.

Group revenue increased by 39% to S$445.2 million in 2015, compared with S$321.4 million in 2014, contributed mainly by the Qurayyat Independent Water Project (IWP) in the Sultanate of Oman.

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