The Group achieved a net profit before taxation of S$37.57 million during the first half of FY2010 which is 16.0% higher than the S$32.40 million recorded during the corresponding period last year. This increase was achieved despite the group reporting a 21.7% drop in consolidated revenue of S$101.99 million during first half of FY2010 as compared to the S$130.30 million reported in the first half of FY2009. This was primarily due to higher gross profit margin achieved by the property sector as the result of higher selling prices.
On a quarter to quarter basis, Fragrance Group says it posted a 4.9% fall in net profit to $16.8 million for the second quarter ending June 30 2010 (2QFY2010) versus $17.7 million for 2QFY2009. Revenue fell 24.3% to $60.2 million compared to $79.5 million a year ago.
Dividends of S$0.0025 has been declared for the period.
