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Fragrance Group reports 57.7% jump in 1Q earnings to $8.5 mil

Stanislaus Jude Chan
Stanislaus Jude Chan5/15/2018 06:54 PM GMT+08  • 1 min read
Fragrance Group reports 57.7% jump in 1Q earnings to $8.5 mil
SINGAPORE (May 15): Property developer Fragrance Group saw its earnings jump 57.7% to $8.5 million for the 1Q ended March, from $5.4 million a year ago.
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SINGAPORE (May 15): Property developer Fragrance Group saw its earnings jump 57.7% to $8.5 million for the 1Q ended March, from $5.4 million a year ago.

1Q18 revenue rose 50.6% to $65.7 million, from $43.7 million a year ago.

The increase in group revenue was mainly attributable to significant contributions from its City Gate project in Singapore, as well as full-period contributions from the group’s two hotels, ibis Styles Hobart in Australia and The Imperial Hotel in the United Kingdom.

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