PUBLISHED: 9 May 2025 at 10: 16
Higher first-half profits for Frasers Property Ltd, the engineer owned by Thai tycoon Charoen Sirivadhanabhakdi, helped offset a decline in Australia and China with higher interest payments, according to a report from Frasers Property Ltd, which was led by billionaire Charoen Sirivadhanabhakdi.  ,
According to statistics adjusted for distribution to eternal stocks buyers, net earnings increased to S$ 135.6 million ($ 104 million ) in the six months ended March 31 from S$ 35.8 million a year before, according to an exchange filing released on Friday.  ,
The presence of an damage recorded a year earlier, along with the reverse of tax provisions, helped the revenue increase. Revenue rose 2.7 % to S$ 1.59 billion.  ,
Developers in Singapore have been confronted by rising interest rates, higher creating expenses, and risks to global growth as a result of trade tensions. According to Fraziers, its due profit decreased by 13 % from a month before as a result of higher interest payments.
Singapore’s housing market has recovered in recent months, helping Extends at a time when its subjection to China is also vulnerable to an ongoing cover fall.  ,
Panote Sirivadhanabhakdi, Charoen’s child, has been in charge of Frasers since taking over as CEO in 2016. He sounded cautious.  ,
In spite of the firm’s “uncertainty,” he said in a speech,” We remain competent and vigilant in assessing the health of our business and financial position.” He added that he is confident the company will “navigate these problems.”  ,