Frasers Centrepoint's net profit jumps 54%

Singapore

FRASERS Centrepoint Ltd (FCL) has posted a 54 per cent increase in net profit to S$771.27 million for the full year ended Sept 30, 2015.

This was on the back of a 28 per cent increase in fair-value change to S$220 million and an exceptional gain of S$7.8 million in the latest financial year, compared to an exceptional loss of S$140 million in the previous year.

Profit before interest, taxation, fair-value change and exceptional items (PBIT) climbed 44.4 per cent to S$1.1 billion. Revenue rose 61.7 per cent to S$3.56 billion. The growth was fuelled primarily by new income streams from the acquisition of Aust…