Frasers Property profits plunge 74.6% YoY in 1H24

  • 📰 SBRMagazine
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

pstrongThe company attributed its lower profit to UK impairments./strong/p pFrasers Property reported a 74.6% YoY lower attributable profit of $57.4m in 1H24./p pIn a bourse filing, the company attributed the decline to “non-cash unrealised fair value losses and impairment on certain commercial properties in the UK of $115.3m.

The company attributed its lower profit to UK impairments.In a bourse filing, the company attributed the decline to “non-cash unrealised fair value losses and impairment on certain commercial properties in the UK of $115.3m.”

Net fair value gains on industrial and logistics properties in Australia and the EU helped offset the decline. We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.3.

Wiseasy's WiseQ Mobile Payment Solution is shaping the future of the QR payments landscape for businesses, designed to prevent fraud and inefficiency, and ultimately, to serve an even bigger purpose.2. IRAS to reclaim $60m from '99-to-1' ABSD loophole exploitersCo-Written / Partner

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

F&N profit rises 52.5% YoY in 1H24 despite currency challengespstrongAttributable profit for the period was $83.8m./strong/p pFraser and Neave Limited (F&N) reported a 52.5% year-over-year (YoY) increase in its attributable profit before exceptional items for the first half of 2024, despite weakness in regional currencies.
Source: SBRMagazine - 🏆 13. / 51 Read more »

Singapore property tax hike dents FHT's 1H24 bottom linepstrongIn 1H24, the REIT reported a 1.3% YoY lower NPI./strong/p pThe increase in Singapore property taxes has negatively impacted Frasers Hospitality Trust's (FHT) net property income (NPI) for the 1H24 period./p pIn its latest financial statement, FHT reported a 1.3% YoY lower NPI of $44.7m.
Source: SBRMagazine - 🏆 13. / 51 Read more »

Prime US REIT's net property income dips 11.7% YoY to US$20.8mpstrongThe REIT faced lower occupancy and higher finance expenses./strong/p pPrime US REIT's net property income (NPI) fell 11.7% YoY to US$20.8m in 1Q24./p pWith lower NPI, the REIT's income available for distribution also declined, dropping 19.5% YoY to US$12m.
Source: SBRMagazine - 🏆 13. / 51 Read more »

FCT's net property income declines 8.4% YoY amidst asset changespstrongWith lower NPI, FCT also recorded a decline in its DPU./strong/p pFrasers Centrepoint Trust’s (FCT) net property income and gross revenue fell in 1H24 amidst lower contributions from Changi City Point and Tampines 1.
Source: SBRMagazine - 🏆 13. / 51 Read more »

CapitaLand India Trust's net property income surges 18% YoY in 1Q24pstrongThe REIT attributed the increase to higher property income./strong/p pIncreased property income propelled CapitaLand India Trust's (CLINT) net property income (NPI) up 18% YoY in SGD terms and 19% YoY in Indian Rupee terms in 1Q24./p pBased on its latest financial statement, CLINT recorded an NPI of $49.4m (₹3.1b).
Source: SBRMagazine - 🏆 13. / 51 Read more »

LHN Limited Warns of a profit dip in 1H24pstrongIt expects a $14.5m profit for the period./strong/p pSGX-listed LHN Limited warned shareholders of a lower net profit before tax from continuing operations and discontinued operations of $14.5m for 1H24./p pIn 1H23, the company recorded a $20.3m profit.
Source: SBRMagazine - 🏆 13. / 51 Read more »