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CDL Q4 profit buoyed by asset monetisation

Fourth-quarter earnings rise 6.6% to a new high of S$410m

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CITY Developments Limited (CDL) posted a record net profit of S$410.5 million for the fourth quarter ended Dec 31, 2015, beating the year-ago record by 6.6 per cent.

Singapore

CITY Developments Limited (CDL) posted a record net profit of S$410.5 million for the fourth quarter ended Dec 31, 2015, beating the year-ago record by 6.6 per cent.

This was fuelled by gains from monetising its prime office assets 7 & 9 Tampines Grande, Manulife

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