Frasers Property's Q3 profit up by 8.6%, anchored by recurring income

Singapore

RECURRING income from investment properties continued to anchor Frasers Property's operating results as it posted a net profit of S$198.1 million for the third quarter, up 8.6 per cent from a year ago.

Revenue fell 2.7 per cent to S$1.36 billion, but it continued to be supported by maiden contributions from the industrial and logistics parks in continental Europe and business parks in the UK.