CapitaMalls Asia Q4 profit up 17.1%

CAPITAMALLS Asia (CMA) yesterday posted a 17.1 per cent jump in net profit to $216.4 million for the fourth quarter ended Dec 31 on the back of strong tenants' sales. The group is eyeing another positive year, driven by tenant sales, completions of new malls and recent acquisitions.

Chief executive Lim Beng Chee said that the group's financial performance for the current year is almost in the bag, with ballpark estimates showing at least a 20 per cent growth in operating profit from the preceding year.

"2014 numbers are almost done, with the completion of the malls. At the HQ, we are now looking at 2015 and 2016 numbers," he told reporters and analysts yesterday.