CapitaLand expects H1 total Patmi to sink 85-95% on share of CCT, CMT losses

Singapore

CAPITALAND on Monday updated its profit guidance for the six months ended June 30, 2020, with expectations that its total Patmi (profit after tax and minority interests) will be reduced by 85-95 per cent from the S$875.4 million recorded a year ago.

This is after taking into account a S$159.9 million effective share of revaluation losses from two of its listed investments, CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT), the property group said in a bourse filing.