Frasers Property enjoys 74.2% surge in Q2 profit
Revenue rises 19.3%, largely due to revenue recognition on sales settlements in China and Australia
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Singapore
CONTRIBUTIONS from overseas acquisitions and development profits in Singapore fuelled a 74.2 per cent surge in net profit for Frasers Property Limited (FPL) to S$124.1 million in the second-quarter ended March 31.
Revenue for the quarter rose 19.3 per cent to S$841.7 million, thanks largely to revenue recognition on sales settlements in China and Australia as well as maiden contributions from business parks in the UK.
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