November 11, 2008, 7.14 pm (Singapore time)
Amara's Q3 profit down 22%
By KALPANA RASHIWALA
Amara Holdings, which is involved in the hotels and property development businesses, posted a 22 per cent year-on-year drop in third quarter net earnings to S$3.3 million.
Revenue slid 63 per cent to S$16.5 million. In the first nine months of 2008, Amara's net profit rose 66 per cent to S$11.5 million while revenue fell 43 per cent to S$52.6 million.
The group trimmed finance costs for both Q3 and in the first nine months of this year.