CapitaLand Q2 profit up on fair value gains
Stronger performance from shopping malls and one-time debt repurchase gain as well
Add BT as a preferred source
Singapore
CAPITALAND Limited has reported a 5.8 per cent rise in net profit for the second quarter ended June 30 to S$464 million, buoyed mainly by fair value gains from its China properties, stronger performance of its shopping malls and a one-time gain from debt repurchase.
Revenue rose 17.8 per cent to over S$1 billion on higher contribution from development projects in China, stronger rental revenue from shopping malls and serviced residences, partially offset by lower revenue from development projects in Singapore and Vietnam.
TRENDING NOW
Gojek founder Nadiem Makarim faces 18-year jail demand in Indonesia laptop graft trial
H&M lays off staff in Singapore, moves regional headquarters to Malaysia
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Singapore developer in limbo after Timor-Leste scraps major township project
