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.
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)