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CDL reviewing asset portfolio and business model
It reports a 60% increase in Q3 net earnings amid strong sales performance in the property development segment and a one-time gain from a divestment
Published Thu, Nov 10, 2016 · 09:50 PM
Singapore
FRESH from completing the group's third profit participation securities exercise, City Developments Ltd's executive chairman Kwek Leng Beng says the group is reviewing its asset portfolio and business model to boost shareholder returns.
"We are accelerating our diversification initiatives and will continue to focus on improving the group's performance wherever possible, across all segments - property development, hotel operations, investment properties and funds management," he said after CDL released its third quarter report card.
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