Frasers Commercial Trust reported unaudited consolidated earnings results for the first quarter ended 31 December 2017. For the quarter, gross revenue was SGD 35,321,000 compared to SGD 39,679,000 a year ago. Net Property Income was SGD 24,858,000 compared to SGD 29,212,000 a year ago. Total return before tax was SGD 14,226,000 compared to SGD 19,959,000 a year ago. Total return was SGD 13,202,000 compared to SGD 18,736,000 a year ago. Net cash generated from operating activities was SGD 11,398,000 compared to SGD 22,067,000 a year ago. Capital expenditure on investment properties was SGD 5,651,000 compared to SGD 669,000 a year ago. Basic earnings per Unit was 1.64 cents compared to 2.36 cents a year ago. NAV per unit (ex-DPU) as at 31 December 2017 was SGD 1.55.