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Gul Tech posts record pre-tax profit of US$23m

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Gul Technologies Singapore says it achieved consolidated pre-tax profit of US$23 million ($32.4 million) in FY2009, the highest record profit since its incorporation in 1988.

Turnover improved in FY2009 over the previous year despite the downturn in the global economy. Gul Tech attributed this mainly to the group’s ability to secure more orders from customers as it was able to offer consistent high quality products and excellent services.

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