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Frasers Property notes ‘volatile’ business environment despite signs of inflationary pressure easing in 1QFY2024 update

Felicia Tan
Felicia Tan • 5 min read
Frasers Property notes ‘volatile’ business environment despite signs of inflationary pressure easing in 1QFY2024 update
Frasers Tower. Photo: Frasers Property
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Frasers Property (FPL) stressed that it will develop and operate its business where it has “local platform capabilities” in its business update for the 1QFY2024 ended Dec 31, 2023.

According to its Feb 2 announcement, the group’s priorities are to achieve better risk-adjusted returns, visibility of earnings and cash flows.

The group announced its key leadership changes on Jan 15, reflecting a simpler organisational structure. According to the group, the changes were to “build a more resilient and future-ready organisation” in alignment with its overall strategy.

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