Frasers Property's Attributable Profit Declines 38% in Fiscal H1; Shares Down 4%

-- Frasers Property's (SGX:TQ5) attributable profit to owners dropped by 38% during the fiscal first half ended March 31 to SG$88.4 million from SG$142.2 million a year earlier, according to a Friday filing with the Singapore Exchange.

Earnings per share fell to SG$0.02 compared with SG$0.035 in the year-ago period.

Revenue declined 5.2% year over year to SG$1.51 billion from SG$1.59 billion, mainly due to the absence of contribution from Sky Eden@Bedok in Singapore.

Shares of the property developer and manager dropped nearly 4% in Friday trading.