Frasers Property profits sink 66.4% in FY2020

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Revenues dip 5.1% to $3.6b. Frasers Property Limited (FPL) recorded a 66.4% dive on its attributable profit to $188.1m for FY2020 from the $560.3m in the same period last year. Revenues also inched down 5.1% to $3.6b, whilst profit before interest, fair value change, taxation and exceptional items slipped 3.6% to $1.25b. With COVID-19 impacting FPL’s earnings and conservation of financial resources in view of uncertain times, the company’s board of directors recommended a 1.5 Singapore cents per share final dividend for FY20. read more