Frasers Centrepoint Limited posted their 2Q FY 15/16 earning report in summary below.

• Revenue increased to $898 million, 103% higher than the corresponding quarter a year ago
• PBIT increased to $226 million, 14% higher than the corresponding quarter a year ago
• Profit before tax increased to $110 million, 11% higher than the corresponding quarter a year ago
• Profit after tax is $123 million, 13.8% lower than the corresponding quarter a year ago
• Declares interim dividend of 2.4 cents per share, same as corresponding quarter a year ago

The revenue and PBIT increased was due to profit recognition from the completion of Twin Fountains (an EC project, TOP in March 2016) and the progressive development profits from North Park Residences (a condo project, expected TOP in 2019). Profit after tax slips 13.8% was due to the FCL's share of fair value losses of joint ventures and associates......