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Fragrance Group romps to six-fold rise in FY17 earnings to $48.5 mil as revenue surges

Stanislaus Jude Chan
Stanislaus Jude Chan2/27/2018 10:46 PM GMT+08  • 2 min read
Fragrance Group romps to six-fold rise in FY17 earnings to $48.5 mil as revenue surges
SINGAPORE (Feb 27): Property developer Fragrance Group saw its earnings surge more than six-fold to $48.5 million for the FY17 ended December, from $7.5 million a year ago.
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SINGAPORE (Feb 27): Property developer Fragrance Group saw its earnings surge more than six-fold to $48.5 million for the FY17 ended December, from $7.5 million a year ago.

This was on the back of a 66.8% jump in revenue to $198.0 million in FY17, from $118.7 million a year ago.

Revenue from its property development segment rose 58.7% to $159.2 million in FY17, mainly due to the substantial revenue contribution from the City Gate project, which commenced construction in the second quarter of 2016.

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