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FCL Q2 profit slips 42.2% on lower recognition of development profits

But fiscal H1 profit was up 16.6% as Australia and China picked up the slack amid lower Singapore contribution


FRASERS Centrepoint Limited (FCL) posted a 42.2 per cent decline in net profit to S$71.2 million for the fiscal second quarter ended March 31, amid lower contribution from development projects and an absence of a divestment gain compared to a year ago.

Its revenue came in...

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