Frasers Property 3Q profit ups a notch

SINGAPORE (Aug 9): Frasers Property Ltd yesterday posted an attributable profit of S$198.1 million for the third quarter (3Q), up 8.6% from a year ago.

The Business Times report said revenue fell 2.7% to S$1.36 billion, boosted by maiden contributions from the industrial and logistics parks in continental Europe and the business parks in the UK. Earnings per share was 6.53 Singapore cents after fair value change and exceptional items, up from 6.26 cents a year ago.

No dividend was declared for the period.

This article first appeared in The Edge Financial Daily, on Aug 9, 2018.

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