Fair value gain boosts FCL's Q2 net
Net profit in first half rose 73% to S$329 million; revenue up nearly 52%
Singapore
FRASERS Centrepoint Ltd (FCL) has posted a net profit of S$143.05 million for the second quarter ended March 31, 2015, double the S$70.02 million in the same period last year, on the back of a big jump in fair value gain in the latest period and absence of negative exceptional items reported in the same year-ago period.
Attributable profit before fair value change and exceptional items fell 7.3 per cent to S$99.36 million for Q2 FY2015 due chiefly to higher interest and hedging expenses. Net interest expense rose to S$45.96 million …
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