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CapitaLand's Q2 net profit leaps 97% to S$579.3m
Profit lifted by operating performance, higher revaluation gains from investment properties; but revenue falls 12.3%
Published Thu, Aug 3, 2017 · 09:50 PM
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Singapore
BETTER operating performance, higher revaluation gains from investment properties and divestment gains boosted CapitaLand's second-quarter net profit to S$579.3 million, a 97 per cent jump from a year ago.
Earnings per share almost doubled to 13.6 Singapore cents, from 6.9 Singapore cents a year ago.
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