FY22 Financial Highlights
Australia PBIT improved due to better development division performance
Completion of strategic residential divestments boosted development earnings
Segment
FY22
FY21
Development
S$54.7 m
S$28.9 m
▲ 89.3%
Change
32.9%
Remarks
Higher PBIT driven by contributions from gain on disposals of
development rights and land site
Partially offset by lower number of units completed and settled in FY22
(FY22: 1,377 residential units; FY21: 2,327 residential units) largely
driven by the timing of construction, delivery and settlement
programmes. Contracts on hand as at 30 September 2022 stood at
2,519 compared to 2,431 as at 30 September 2021
Earnings affected by higher vacancies across commercial assets,
including the impact of the strategic Lee Street tenancy relocation for
the upcoming redevelopment into Central Place Sydney
Reduction in fees primarily driven by lower number of units completed
and settled during the year
Investment Properties
S$20.8 m
S$24.7 m
15.8%
Fee income & others
S$5.3 m
S$7.2 m
▼ 26.4%
TOTAL
S$80.8 m
S$60.8 m
We are Frasers Property
Brooklyn Townhomes, Ed.Square, NSW, Australia
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