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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

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...

sentifi.com

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