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FCL's Q1 profit hit by timing of project completions

Property and hospitality group posts 47.2% fall in profit to S$98.65m

Kalpana Rashiwala

Published Wed, Feb 3, 2016 · 09:50 PM

Singapore

FRASERS Centrepoint Ltd (FCL) has posted a 47.2 per cent drop in net profit for the first quarter ended Dec 31, 2015, to S$98.65 million. Revenue slipped 37.3 per cent to S$671.63 million. Profit before interest, taxation, fair-value change and exceptional items (PBIT) fell 24.4 per cent to S$210.99 million.

The property and hospitality group attributed the lower financial pe…

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