SINGAPORE (May 13): Frasers Property reported 2Q20 earnings of $74.5 million, down 38.1% y-o-y, with weaker contributions from its hospitality business and associates. Revenue for 2Q20 increased 2.2% to $954.7 million. 

For 1HFY20, earnings dropped by 12.1% y-o-y to $233.8 million, even though revenue increased 5.7% to $2.13 billion.

“'Business as usual' is not an option,” warns group CEO Panote Sirivadhanabhakdi. “Along with many businesses around the world, we are facing an unprecedented crisis that has greatly disrupted the business environment and operating conditions in all our markets.”

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