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Frasers Centrepoint Ltd's Q2 profit hit by fair value losses

Profit falls 13.8% despite growing base of recurring income; analysts see stronger H2

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Mr Lim noted that FCL's China and Australia exposure has helped pick up the slack in the Singapore development market

Singapore

FRASERS Centrepoint Limited (FCL) posted a 13.8 per cent decline in net profit for the second quarter ended March 31, 2016, to S$123.3 million, due mainly to its share of fair value losses of joint ventures and associates compared to a fair value gain in the year-ago period.