Frasers Centrepoint Limited posted their 3Q FY 15/16 earning report in summary below.

• Revenue declined to $682 million, 32.5% lower than the corresponding quarter a year ago
• PBIT declined to $166.8 million, 46.8% lower than the corresponding quarter a year ago
• Profit before tax declined to $68.2 million, 62.4% lower than the corresponding quarter a year ago
• Profit after tax is $154 million, 15.1% lower than the corresponding quarter a year ago

The drop in revenue was mainly attributable to lower contributions from the group's development portfolio in Singapore, Australia and China. These declines were partially mitigated by the recognition of profits from the Twin Fountains (EC) project following its completion. Property Development Key Highlights FCL’s 80:20 joint venture with Keong Hong launched its 628 units Parc Life EC project in April 2016 at Sembawang with only 12.3% units sold. FCL is working ......