The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
Fiona Lam

Fiona Lam

Published Fri, Nov 15, 2019 · 09:50 PM
Fragrance Group

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.

fragrance groupFinancial results

TRENDING NOW

State-level minimum purchase thresholds push foreign buyers towards higher-value properties, while consent rules and other restrictions further narrow the pool of homes available to them.

That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think

Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

The Business Times looks at what is fuelling the surge in these tiny tech counters, and whether the momentum can last.

These little-known SGX tech stocks are beating the market. What’s driving them up? 

“Significant activation efforts are required to drive higher visitation to RWS,” says DBS analyst Chee Zheng Feng.

Genting Singapore shares drop 8% after Q1 earnings fall

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More