Frasers Property H2 profit falls 32.2% to S$100.9 million on lower contributions from residential projects
The group is exploring a redevelopment of Yishun 10
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[SINGAPORE] Frasers Property posted a net profit of S$100.9 million for the six months ended Sep 30, a 32.2 per cent decline from S$148.9 million for the corresponding period a year earlier.
This came on the back of a 32 per cent drop in revenue to S$1.8 billion for the period, from S$2.7 billion a year before.
In a bourse filing, Frasers Property attributed the poorer performance in H2 FY2025 to lower contributions from residential projects in countries such as Singapore and Australia, and impairments on projects in China, Thailand and the UK, among others.
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