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One-off item drags down Frasers Centrepoint's profit

Singapore FRASERS Centrepoint posted a 19.9 per cent fall in second-quarter net profit, dragged down by a large one-time write-off. The property firm said net profit for the three months ended March 31, 2014, stood at $70 million, down from $87.4 million booked in the same period a year ago.

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