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Frasers Property's Q1 profit falls 59% to S$76.9 million

Drop partly due to lower revenue, which fell 24 per cent to S$740 million

Published Thu, Feb 8, 2018 · 09:50 PM

Singapore

FRASERS Property, formerly known as Frasers Centrepoint, posted a 59 per cent fall in net profit after fair value change and exceptional items in the first quarter.

The drop in earnings to S$76.9 million in Q1 FY2018 from S$187.5 million in Q1 FY2017 was due in part to falling revenue, which fell 24 per cent to S$740 million in the first quarter compared to the year before.

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