CapitaLand Q2 profit up on fair value gains
Stronger performance from shopping malls and one-time debt repurchase gain as well
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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.
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