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CapitaLand Q2 profit up on fair value gains

Stronger performance from shopping malls and one-time debt repurchase gain as well

Published Wed, Aug 5, 2015 · 09:50 PM

Singapore

CAPITALAND Limited has reported a 5.8 per cent rise in net profit for the second quarter ended June 30 to S$464 million, buoyed mainly by fair value gains from its China properties, stronger performance of its shopping malls and a one-time gain from debt repurchase.

Revenue rose 17.8 per cent to over S$1 billion on higher contribution from development projects in China, stronger rental revenue from shopping malls and serviced residences, partially offset by lower revenue from development projects in Singapore and Vietnam.

While the results were largely in line with analysts' expectations, they failed to ex…

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