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New Silkroutes reports 84% fall in 2Q earnings on sharp drop in oil prices

PC Lee
PC Lee • 1 min read
New Silkroutes reports 84% fall in 2Q earnings on sharp drop in oil prices
SINGAPORE (Feb 14): New Silkroutes Group reported an 84% fall in 2Q earnings to US$22,000 ($30,000) from US$135,000 a year ago.
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SINGAPORE (Feb 14): New Silkroutes Group reported an 84% fall in 2Q earnings to US$22,000 ($30,000) from US$135,000 a year ago.

Overall, group revenue in the second quarter decreased 30% to US$130.1 million.

The group’s healthcare subsidiary, led by Healthsciences International, saw net profit surge fivefold to US$376,000 as revenue jumped 91% to US$3.2 million, boosted by contributions from the six GP clinics acquired on Aug 2 2018.

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