Mapletree delivers record profit of S$1.41b for FY2017

Singapore

MAPLETREE Investments marked a record net profit for fiscal 2017 ended March 31, showing that its strategy of expanding globally and across new asset classes is paying off.

Against the backdrop of strong recurring earnings, investment and other gains as well as revaluation gains, its net profit jumped 46.5 per cent to S$1.41 billion.

The Temasek unit also enjoyed a 23.9 per cent increase in revenue to S$2.33 billion and a 21.6 per cent rise in recurring net profit to S$643.6 million.

These improvements were fuelled by acquisitions in Vietnam, the United States, the UK and Australia, …