Fragrance Q3 revenue sinks but profit soars on fair value gain
This is largely due to permission to change the use of land to hotel in an investment property
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Singapore
PROPERTY developer Fragrance Group posted a net profit of S$98.4 million for the third quarter, about 41 times the S$2.4 million profit a year ago.
This was despite revenue tumbling 64.6 per cent amid a sharp decline in contribution from the property development segment.
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