Frasers Centrepoint hit by one-off items
Full-year profit dives 31% to S$500.7m; revenue up 33%, fuelled by project completions
Singapore
ONE-OFF items led net profit at Frasers Centrepoint Ltd (FCL) to fall 31 per cent to S$500.7 million for the full year ended Sept 2014. This was largely due to an exceptional loss of S$127 million this year, compared to a gain of S$46 million last year.
"The one-off expenses were largely due to the restructuring costs of S$42 million arising from the repayment of related company loans prior to FCL's listing, and Australand acquisition costs of S$70 million," said FCL.
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