Fragrance Q1 net jumps 38% to $24.3 million

Singapore

FRAGRANCE Group has reported a near 38 per cent jump year-on-year in first-quarter net profit to $24.26 million.

Revenue for the three months ended March 31 edged up about 13 per cent to $125.27 million.

Fragrance said the surge in profit attributable to equity-holders was mainly due to decreased profit contribution from its Parc Rosewood project where non-controlling shareholders share 40 per cent interest. The perio…