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CapitaLand Q4 profit down 40%, impairments announced

Earnings slide mostly due to lower fair value gains and boost in previous profit from disposal of Westgate Tower

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CAPITALAND'S fourth-quarter net profit fell 39.5 per cent to S$247.7 million, mainly due to lower fair value gains from the revaluation of investment properties and an absence of disposal gains from Westgate Tower.

Singapore

CAPITALAND'S fourth-quarter net profit fell 39.5 per cent to S$247.7 million, mainly due to lower fair value gains from the revaluation of investment properties and an absence of disposal gains from Westgate Tower.

Net profit for the full year ended Dec 31, 2015 slipped 8

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