Fragrance in the red with S$3.7m Q1 loss

Singapore

FRAGRANCE Group has been hit by a sharp drop in revenue for the first quarter following the recent completion of a major Singapore project, with the property company flagging the possibility of posting "negative results" in the quarters ahead.

For the three months ended March 31, Fragrance reported a net loss of S$3.7 million, reversing from a profit of S$8.5 million in the previous corresponding period.