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Operating profit for the quarter was RMB9.1 billion on a GAAP basis and RMB11.6 billion on a non-GAAP basis.
Operating profit for the segment decreased 0.6% to $37 million in the quarter.
Operating profit improvement was driven by pricing actions, lower freight and commodity costs, and cost saving initiatives, partially offset by lower volumes.
Operating profit increased to S$1.55 billion in the first…