The company posted a profit of S$394.6 million (US$315.6 million) for the first quarter of the year, down 6.9% on the S$423.9 million profitbooked during the first three months of 2013.
This came despite an 8.6% jump in revenueto S$3 billion, compared to S$2.8 billion in the first quarter of last year.
Hitting the recent quarter results werehigher taxes, with the company paying S$97.1
