Frasers Property Diversified Growth
Improved PBIT mainly from residential developments and hospitality operations
Improved earnings from operations partially offset by net fair value loss
•
Improved PBIT was mainly due to higher contributions from
residential business, maiden contribution from the
acquisition of the stake in NEX as well as improved results
from hospitality operations
Revenue
FY23
FY22
•
Higher interest rates adversely affected net earnings
•
Net³ fair value losses on business parks assets in the UK
and I&L assets in Australia and the EU, partially offset by
fair value gains from a retail-cum-hospitality property in
Singapore
PBIT
Rivière, Singapore
We are Frasers Property
Financial Highlights
Change
S$3,947.1 m
S$3,877.0 m
▲ 1.8%
S$1,313.2 m
S$1,249.2 m
▲ 5.1%
APBFE1
S$350.3 m
S$398.8 m
▼ 12.2%
Fair Value ("FV") Change (net)
(S$153.3 m)
S$462.7 m
N/M
Exceptional Items ("El")
(S$23.9 m)
S$66.8 m
N/M
Attributable Profit
S$173.1 m
S$928.3 m
▼ 81.3%
Basic earnings per share ("EPS")
before FV change and El²
7.7 cents
8.7 cents
11.5%
Basic EPS after FV change and El²
3.1 cents
22.2 cents
86.0%
1. Attributable profit before fair value change and exceptional items. 2. Calculated by dividing attributable profit (after distributions to perpetual securities holders) over weighted average number of ordinary shares on issue.
3. Net of gains and losses.
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