Fragrance Group, the property developer, saw its earnings dived 46% in 2Q to $15.2 million, as revenue fell 36.6% to $92.8 million from a year ago.
The group saw lower revenue contribution from both its property development and property investment sectors for the quarter.
Earnings also dropped 39.6% y-o-y to $31.6 million for the six months ended June.
Revenue was at $180.6 million, down 29.9% from the year before, mainly due to fewer ongoing development projects compared to 1HFY14 for its property development business.
The group also recorded lower rental income due to the absence of contribution from its investment property at Alexandra Road following the Asset Enhancement works started in 3QFY14.
Fragrance Group’s shares closed at 20.5 cents, up 2.5% today.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
The group saw lower revenue contribution from both its property development and property investment sectors for the quarter.
Earnings also dropped 39.6% y-o-y to $31.6 million for the six months ended June.
Revenue was at $180.6 million, down 29.9% from the year before, mainly due to fewer ongoing development projects compared to 1HFY14 for its property development business.
The group also recorded lower rental income due to the absence of contribution from its investment property at Alexandra Road following the Asset Enhancement works started in 3QFY14.
Fragrance Group’s shares closed at 20.5 cents, up 2.5% today.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment