One-off item drags down Frasers Centrepoint's profit
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FRASERS Centrepoint posted a 19.9 per cent fall in second-quarter net profit, dragged down by a large one-time write-off.
The property firm said net profit for the three months ended March 31, 2014, stood at $70 million, down from $87.4 million booked in the same period a year ago. This translated to earnings of 3.49 cents per share, compared with 18.37 cents per share booked a year ago.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
