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Fragrance Q1 profit falls due to fewer projects

Friday, May 8, 2015 - 05:50
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Turnover from property investments fell 37.1 per cent to S$4.61 million - due mainly to the absence of contribution from the building along Alexandra Road formerly known as NOL Building.

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,

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