The Business Times
business-time-50
SUBSCRIBERS

Frasers Property full-year earnings fall 25%

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

google-preferred-sourceAdd BT as a preferred source
Published Fri, Nov 15, 2019 · 09:50 PM
Frasers Property

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.

frasers property

TRENDING NOW

State-level minimum purchase thresholds push foreign buyers towards higher-value properties, while consent rules and other restrictions further narrow the pool of homes available to them.

That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think

Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

The Business Times looks at what is fuelling the surge in these tiny tech counters, and whether the momentum can last.

These little-known SGX tech stocks are beating the market. What’s driving them up? 

“Significant activation efforts are required to drive higher visitation to RWS,” says DBS analyst Chee Zheng Feng.

Genting Singapore shares drop 8% after Q1 earnings fall

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More