Fragrance Group posts FY2018 net profit of S$266m.
The group said it is working on the sales launch of 31 Jervois Road, to be redeveloped into a 36-unit residential development, and 205 Jalan Eunos, which will be a 237-unit condominium after already getting provisional permission.It is also currently engaged in planning works for redeveloping 15 Hoe Chiang Road into a hotel after obtaining provisional permission.In Australia, it has a total contracted and unconditional sale of A$458 million from Premier Tower and NV Apartments, amounting to 75.
It also has obtained planning permission to refurbish its existing Municipal building in Liverpool into a luxury hotel and redevelop the former Park Hotel in Paignton as an international brand hotel. It is now working on redevelopment plans or refurbishment works for the rest of the properties in the UK.Fragrance closed unchanged on Thursday at S$0.137 before results were announced.
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