SINGAPORE: Net profit for international real estate company Frasers Centrepoint (FCL) has shot up 79 per cent in its second quarter ended March 31.
Although revenue remained flat at $442 million compared to the same period last year, net profit rose from $70 million in 2014 to $143 million in the second quarter of this year.
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The interim dividend per share is 2.4 cents, while net asset value per share of the group is at $2.20.
Contributions by Australand, a wholly owned subsidiary of FCL and an Australian property group, and the acquisition of six hotels by Frasers Centrepoint Trust boosted the group’s revenue.
