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Frasers Centrepoint's net profit jumps 54%
Group CEO says the company's strategy to diversify overseas and focus on capital productivity is bearing fruit
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Kalpana Rashiwala
Published Fri, Nov 6, 2015 · 09:50 PM
Singapore
FRASERS Centrepoint Ltd (FCL) has posted a 54 per cent increase in net profit to S$771.27 million for the full year ended Sept 30, 2015.
This was on the back of a 28 per cent increase in fair-value change to S$220 million and an exceptional gain of S$7.8 million in the latest financial year, compared to an exceptional loss of S$140 million in the previous year.
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