105 views
Logo from Frasers Property Limited

Frasers Property Limited braces for profit dip, points to UK property woes

It expects to record fair value losses and impairment in 1H24.

Frasers Property Limited (FPL) expects a “significant decrease” in its attributable profit for the first half of the financial year 2024 (1H24).

The real estate firm attributed the expected drop to “fair value losses and impairment, primarily on certain commercial properties in the United Kingdom.”

“These losses/impairment are non-cash in nature and arose mainly due to the weaker market sentiments,” the firm said.

FPL will release its unaudited 1H24 financial resources on 10 May.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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.

Let us help you drive your business forward with a good partnership!