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CapitaLand Q4 profit almost doubles to S$926.6m

It maintains unchanged dividend of 12 cents per share, as prudent measure to enable the group to remain resilient during the uncertainty over Covid-19 outbreak

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Revenue rose 46.3 per cent to S$2.38 billion, mainly due to the consolidation of Ascendas-Singbridge and Raffles City Chongqing (above), as well as higher contributions from Singapore and China malls and lodging properties in the US.

Singapore 

CAPITALAND posted sparkling fourth-quarter results on Wednesday, with net profit almost doubling to S$926.6 million for the three months ended Dec 31 from S$475.7 million previously.

But Asia's largest diversified real estate group disappointed shareholders with an...