Frasers Property Limited posts attributable profit of $928.3m in FY22

This translates to a dividend of $0.03 per share.

Frasers Property Limited saw its attributable profit increase by 11.4% to $928.3m in FY2022.

Excluding the impact of the unrealised valuation gain on change in use, the real estate company's attributable profit would have increased by 59.6% YoY.

The increase in its attributable profit was on the back of its 3.0% YoY higher revenue of $3.877b.

In a bourse filing, the real estate company said higher contributions from its Singapore and Australia residential businesses supported its earnings in FY22.

Given the higher attributable profit, the board proposed a first and final dividend of $0.03 per share for FY22, up from $0.02 per share declared for FY21.

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