Fragrance Group's Q3 net profit rises 6.7%

MAINBOARD-LISTED Fragrance Group posted a 6.7 per cent increase in third-quarter net profit to S$24.3 million, from the S$22.8 million earned during the same period last year.

This was mainly due to the absence of the higher attribution of profits to non-controlling interests in the prior period for the property and hotel group, particularly relating to the Parc Rosewood project which has since been completed.

Earnings per share for the quarter were 0.4 Singapore cent compared to 0.3 Singapore cent last year, the group reported on Friday.