SINGAPORE (Nov 9): Frasers Property concluded FY18 with earnings of $1.2 billion, a 15.8% improvement from $1.03 billion on higher revenue and fair value gains on investment properties.

Revenue for the full year grew 7.1% to $4.3 billion from $4 billion in FY17, attributed to the timing of sales settlements of development projects in Singapore and Australia, as well as maiden contributions from the business parks in the UK.

In Singapore, revenue from retail & commercial properties grew 9% to $470 million on the commencement of operations at the newly completed south wing of Northpoint City, coupled with higher occupancies at the north wing following the completion of asset enhancement initiatives.  

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