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Raffles Education profits

RAFFLES Education Corporation saw profits increase 8.2 percent to S$55.8 million (US$41 million) during the first half of the year, it said in a release yesterday. The Singapore-listed firm, which opened Raffles International College (Cambodia) in the Kingdom this January, said the Phnom Penh college was not expected to be profitable for another two years, but it did not release separate returns for the school.

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