Thursday, August 2, 2012

Fragrance Group's 2Q earnings fall 9.7% to $21.3m

Fragrance Group saw a 9.65% fall in earnings to $21.26 million for the second quarter ended June 30, 2012 from the corresponding period a year ago.

Turnover increased 22.6% to $102.55 million with progressive recognition of income from development projects.

The property sector contributed 85.2% to the quarter’s revenue. However, gross profit margin for the sector fell to 35.3% in the quarter from 35.9%.

The hotel sector contributed 14.8% of revenue, but gross profit margin also fell to 86.9% compared to 87.8% a year ago.

Earnings per share for the quarter was 0.8 cent, up from 0.7 cent a year ago.

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