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Blumont Group Ltd. is expected to report significant decline in earnings for the Fourth Quarter compared with the corresponding period in 2010 mainly due to lower revenue from the property segment in view of completion of the development project in Kota Kinabalu where public sales was launched on 28 August 2010 and lower fair value gains on quoted financial assets recorded based on market bid prices on the securities held at each periods. As a result, these have contributed to substantially lower profits for the full year ended 31 December 2011 as compared to the full year ended 31 December 2010...Attachments: Source: ShareInvestor Express
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