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Fragrance Q1 profit falls due to fewer projects

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Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, May 7, 2015 · 09:50 PM

    Singapore

    FEWER ongoing development projects and lower rental income from investment properties due to asset enhancement work at one of its properties led to Fragrance Group posting a 32.2 per cent drop in first- quarter net profit.

    The group, controlled by tycoon Koh Wee Meng, posted net earnings of S$16.44 million for the quarter ended March 31, 2015, down from S$24.26 million in the same period last year.

    Singapore propertyfragrance group

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