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
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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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