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Fragrance Q1 profit falls due to fewer projects

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Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, May 7, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    FEWER ongoing development projects and lower rental income from investment properties due to asset enhancement work at one of its properties led to Fragrance Group posting a 32.2 per cent drop in first- quarter net profit.

    The group, controlled by tycoon Koh Wee Meng, posted net earnings of S$16.44 million for the quarter ended March 31, 2015, down from S$24.26 million in the same period last year.

    Singapore propertyfragrance group

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