Frasers Property flags full-year attributable profit to drop 60%-70%

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SINGAPORE (THE BUSINESS TIMES) - Mainboard-listed Frasers Property Ltd (FPL), hard hit by the pandemic, expects to report a decline of as much as 70 per cent in its attributable profit for FY2020.. Read more at straitstimes.com.

SINGAPORE - Mainboard-listed Frasers Property Ltd , hard hit by the pandemic, expects to report a decline of as much as 70 per cent in its attributable profit for FY2020.

The tenant-support packages that were given to the group's commercial and retail tenants, the decline in occupancies, and temporary closures of its hospitality properties have dented its financials.

 

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