27 Oct '11, 8pm

Wing Tai Q1 profits up 281% to S$25.11m!

Wing Tai Q1 profits up 281% to S$25.11m!

Wing Tai Q1 profits up 281% to S$25.11m! by Dou on October 27, 2011 On 27/Oct, Singapore shares ended higher after European leaders announced a deal for private holders of Greek bonds to take a voluntary writedown on the debt. STI ended higher at 2847.57 (2.8%) with HIGH VOL of 2.32 billion shares traded compared with 1.16 billion shares Tuesday. In the broader market, gainers outnumbered losers 455 to 107. Today STI rally with very strong buying pressure as investors turned bullish on the Euro news. Headline in STI After market close Mapletree Commercial Trust (N2IU.SG) 2Q distribution per unit was 1.333 Singapore cents, beating its own forecast of 1.218 Singapore cents mainly due to higher net property income and lower interest costs on loans. Wing Tai Holdings Limited rise 281 per cent year-on-year in net profit to S$25.11 million from S$6.58 million for the first quart...

Full article: http://thefinance.sg/2011/10/27/wing-tai-q1-profits-up-28...

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