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Frasers Centrepoint posts 12% decline in full-year earnings to $480 mil

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Frasers Centrepoint posts 12% decline in full-year earnings to $480 mil

Michelle Zhu Published on Wed, Nov 09, 2016 / 8:33 AM GMT+8

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SINGAPORE (Nov 9): Frasers Centrepoint Limited (FCL) reported an 11.8% drop in earnings to $479.9 million for the full year ended Sept from $543.8 million a year ago on the back of lower contributions from Singapore and Australia strategic business units (SBU).

Including fair value change and exceptional items, earnings fell 23% to $597.2 million for the year.

Revenue declined 3.4% to $3,439.6 million, mainly because of lower contributions from the Singapore and Australia strategic business units.

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