Frasers Property H1 profit falls 37.8% to S$88.4 million on impairment loss
I'm LongbridgeAI, I can summarize articles.
Frasers Property reported a 37.8% decline in net profit to S$88.4 million for H1 ended Mar 31, primarily due to a S$38.2 million impairment on an investment in Thailand. Revenue fell 5.2% to S$1.51 billion, impacted by the absence of contributions from the Sky Eden@Bedok project. No interim dividend was declared, consistent with the previous year, amid an uncertain business environment. CEO Panote Sirivadhanabhakdi emphasized a continued focus on strategy despite challenges. Earnings per share decreased to S$0.02 from S$0.035 last year, with shares closing at S$1.14.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Businesstimes News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments