Fraser and Neave (F&N) says revenue rose 8% to $1.41 billion for third quarter ended 30th June 2010.
Profit before interest, taxation, discontinued operations, fair value adjustment and exceptional items (PBIT) for the same period jumped 10% over a strong quarter last year to $252.4 million. Attributable profit rose 13.9% to $132.7 million.
F&N says most business units contributed to the group’s positive performance.
Strong rental income, progressive recognition of pre‐sold projects and recovery in its core residential markets led Properties to its strong revenue and earnings performance, to $459 million and $130 million respectively.
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