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CapitaLand Q1 gain slips on stake divestment

Earnings down 11.8% to S$161 million, but net profit from continuing operations up 9.4%

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Capitaland marked an 11.8 per cent fall in net profit for the first quarter ended March 31 to S$161.3 million, mainly because it stopped recognising contributions from Australand, an associate that was divested in March last year.

Singapore

CAPITALAND marked an 11.8 per cent fall in net profit for the first quarter ended March 31 to S$161.3 million, mainly because it stopped recognising contributions from Australand, an associate that was divested in March last year.

Its net profit from continuing operations

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