Billionaire’s Singapore firm posts earnings jump

The company said it will “gradually increase” its development exposure in both residential and selected non-residential asset classes to deliver better risk-adjusted returns. — Bloomberg

SINGAPORE: Frasers Property Ltd, the developer controlled by Thai billionaire Charoen Sirivadhanabhakdi, saw full-year earnings rise, led by higher residential contributions from China and Australia.

Attributable profit climbed 19% to S$206.3mil in the fiscal year ended Sept 30, the Singapore-based company said in an exchange filing yesterday.