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GP Batteries: results for third Quarter 2008 13-02-09

The GP Batteries results for the three months and nine months ended December 2008 was S$218.7 million (approx. US$145 million) and S$682.6 million (approx. US$453 million) respectively, a decrease of 15.2% and 12.4% over the corresponding period last year. Sales of Nickel Metal Hydride (NiMH) rechargeable batteries for the three months ended 31 December 2008 registered a decline of about 30% as compared to the corresponding period last year but there was a 21% increase in sales of 9-volt Alkaline and Carbon Zinc batteries. North & South America and Europe experienced a dip in turnover by about 30% and 25% respectively. The profit after income tax was S$1.1 million for the third quarter and S$6.0 million for the nine month.

 
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