SINGAPORE (May 11): Mainboard-listed Sapphire Corporation saw 1Q16 earnings soar 319% to $2.0 million from 1Q15, driven mainly by the consolidation of revenue contributions from Ranken Infrastructure, its recently-acquired rail engineering business.

Earnings per share for 1Q16 was 0.60 cent, up from 0.17 cent in 1Q15.

Revenue for 1Q16 more than tripled to $53.7 million, up from $15.4 million in the previous corresponding quarter.

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