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CapitaLand Investment H1 profit slips 38.3% on ‘lower velocity in asset recycling activities’

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Corinne Kerk &

Yong Hui Ting

Published Thu, Aug 11, 2022 · 08:29 AM
    • The group’s half-year earnings per share also fell 66.4 per cent to S$0.084 from S$0.25 previously, despite a 29.1 per cent gain in revenue to S$1.35 billion from S$1.05 billion in H1 2021.
    • The group’s half-year earnings per share also fell 66.4 per cent to S$0.084 from S$0.25 previously, despite a 29.1 per cent gain in revenue to S$1.35 billion from S$1.05 billion in H1 2021. PHOTO: BT FILE

    WHILE there is “quite a bit of work to catch up” on in the second half of the year, CapitaLand Investment Limited (CLI) has a healthy balance sheet, well-balanced fee income contributions and is keeping its powder dry to take advantage of opportunities that arise.

    Speaking at an earnings briefing on Thursday (Aug 11) morning, group chief executive Lee Chee Koon said that apart from capital recycling, the property investment manager will continue to focus on the execution of its fund strategies.

    Meanwhile, contributions to its fee income are now fairly evenly split across its 4 key sectors of new economy (business parks, logistics, industrial and data centre), lodging, office and retail.

    CapitaLand InvestmentFinancial results

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