FPL will release its unaudited 1HFY2024 financial results on May 10.
Frasers Property (FPL) (SGX:TQ5
) has announced that it expects to report a significant decrease in attributable profit for the 1HFY2024 ended March 31 compared to the previous corresponding period.
In a profit guidance filing on April 9, FPL says this is the result of the fair value losses and impairment it expects to record for the half-year period, primarily on certain commercial properties in the UK. The losses and impairment are non-cash in nature and are the result of weaker market sentiments.
