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CapitaLand Q2 profit slides 36.6%

Group plans to shore up yuan borrowings, tap panda bonds and raise RMB funds as part of currency hedge

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Group operating earnings were buoyed by higher contributions from malls in China, CapitaGreen (above) in Singapore and its serviced residence business.

Singapore

CAPITALAND Limited has posted a 36.6 per cent fall in net profit for the second quarter ended June 30 from a year ago to S$294 million, dragged by higher cost of sales and lower fair value gains of investment properties.

But group chief financial officer Arthur Lang noted