Frasers Centrepoint's Q3 earnings fall on lower development profits

Singapore

FRASERS Centrepoint (FCL) on Friday posted a 62.4 per cent drop in its attributable profit to S$68.2 million for its third quarter ended June 30, 2016.

After fair value change and exceptional items, net profit still fell - but by a milder 15.1 per cent to S$154 million. Revenue fell 32.5 per cent to S$682.1 million.