ARA Q4 hit by higher expenses, but full-year profit up 18%

Singapore

ARA Asset Management, a Reit and funds manager, on Monday said net profit for the fourth quarter fell 18 per cent amid higher expenses.

Net profit for the three months ended Dec 31, 2014, stood at S$18.2 million, compared to S$22.1 million a year ago. This translated to earnings per share of 2.15 Singapore cents, down from 2.62 Singapore cents.