Fragrance Q4 earnings hit by weaker fair value gains
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Singapore
AMID the fall in property prices, Fragrance Group on Tuesday said the majority of its residential-project units has been sold, and it is working to lease out the commercial space at its Alexandra Road property.
This comes as the property firm reported that net profit for the fourth quarter dropped 40.4 per cent mainly on a weaker fair-value gain on its investment properties.
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