Fragrance Group announced a 14.3% increase in 3Q earnings to $27.8 mil from a year ago.
For the three months to September, revenue declined 52% to $64 million.
The group’s property development sector saw revenue decline 53.9% to $59.3 million.
The main contributors to the revenue during this period were the progressive recognition of income from development projects namely Kensington Square, Urban Vista and Icon@Pasir Panjang.
Revenue from the property investment sector increased 2.8% to $4.75 million. This was mainly due to the contribution from its investment property located at Punggol Point Road.
Fragrance says it has sold almost all of its residential units in Singapore and is currently working on the redevelopment plans for the rest of its Australian portfolio of properties.
They are expected to contribute “significantly” to the group’s revenue and profits in future years.
Shares in Fragrance closed 0.5% higher at 19.3 cents.
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
For the three months to September, revenue declined 52% to $64 million.
The group’s property development sector saw revenue decline 53.9% to $59.3 million.
The main contributors to the revenue during this period were the progressive recognition of income from development projects namely Kensington Square, Urban Vista and Icon@Pasir Panjang.
Revenue from the property investment sector increased 2.8% to $4.75 million. This was mainly due to the contribution from its investment property located at Punggol Point Road.
Fragrance says it has sold almost all of its residential units in Singapore and is currently working on the redevelopment plans for the rest of its Australian portfolio of properties.
They are expected to contribute “significantly” to the group’s revenue and profits in future years.
Shares in Fragrance closed 0.5% higher at 19.3 cents.
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