SINGAPORE (Aug 8): Fragrance Group has reported a near-doubling of 2Q earnings to $6.8 million from $3.8 million a year ago due to higher revenue.
This brings the property developer’s earnings for 1H18 to a total of $15.3 million, up 66.8% from 1H17 earnings of $9.2 million previously.
Revenue for 2Q18 surged 62.5% to $56.8 million from $35 million a year ago on account of higher contributions from the group’s City Gate development project in Singapore; rental revenue from commercial properties; and full quarter hotel operations income from ibis Styles Hobart, which commenced operations in Australia during July last year.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)