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JTC Corp on Tuesday reported a total surplus of $1.18 billion for the year ended March 31, up 50 per cent from the previous year.
It attributed the boost in profit to Singapore's strong economic growth and a buoyant industrial space market in that year.
Its building and land income rose by 5 per cent to $1.1 billion.
Chief executive Ow Foong Pheng said JTC will consider selling more assets on a small scale in this financial year.
She also said the outlook for next year is not as rosy due to a softening economic outlook.
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