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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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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

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