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Hyflux 1Q earnings fall more than ninefold to $0.8 mil with Tuaspring plant held for sale

Michelle Zhu
Michelle Zhu • 2 min read
Hyflux 1Q earnings fall more than ninefold to $0.8 mil with Tuaspring plant held for sale
SINGAPORE (May 4): Hyflux, the water solutions provider, saw 1Q17 earnings fall to $0.8 million from $7.3 million a year ago.
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SINGAPORE (May 4): Hyflux, the water solutions provider, saw 1Q17 earnings fall to $0.8 million from $7.3 million a year ago.

The Tuaspring plant (Tuaspring), which has been classified as Held for Sale, contributed losses of $27 million due to the weak Singapore power market.

Excluding results from Tuaspring, PATMI was $27.8 million, an 8% increase from $25.8 million in 1Q16.

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