FRASERS Property will focus on capital recycling and growing its development exposure, the group said, after it posted an 81.8 per cent drop in net profit in the first half of the financial year. 

For the first six months ended March 2024, Frasers Property reported a net profit of S$35.8 million, down from S$197.2 million in the year-ago period. 

At a briefing on Monday (May 13), Panote Sirivadhanabhakdi, Frasers Property’s group chief executive officer, said: “Continual market headwinds have created ongoing challenges for us, which are reflected in these results.”