Source:
https://scmp.com/article/54662/sincere-sees-5pc-dropSincere sees 5pc drop
DESPITE a higher turnover, Sincere Co saw a drop in its interim after-tax profit by about five per cent to $26.23 million.
Turnover went up by seven per cent to $299.48 million for the six months to August 31, from $279.56 million in the same period a year ago.
Directors said the result was ''within expectations'' and the company was undergoing a ''period of consolidation''.