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Frasers Property full-year earnings fall 25%

Profit drops to S$560.3 million due to lumpy development earnings

Published Fri, Nov 15, 2019 · 09:50 PM
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Singapore

FRASERS Property on Friday said net profit for its 2019 financial year fell sharply, down 25.3 per cent to S$560.3 million due to lumpiness in development earnings.

The decrease was mainly due to lower contributions from development projects in Singapore and Australia, as well as a lower fair value gains.

The company proposed a final dividend of 3.6 Singapore cents, down from 6.2 cents in the previous corresponding period. T…

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