Renaissance United Limited (SG:I11) has released an update.
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Renaissance United Limited reported a 7.1% decline in quarterly revenue, driven mainly by decreased demand in its ESA Electronics segment and zero revenue from land sales in the U.S. Meanwhile, its gas distribution business in China showed mixed results, with a slight revenue decrease this quarter but an increase over six months. The company is strategizing to improve future profitability amid potential regulatory changes in China’s gas pricing.
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