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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

Published Wed, Feb 26, 2020 · 09:50 PM

CapitaLand

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 unchanged dividend of 12 cents per share which it said is a prudent measure to enable the group to remain resilient during this period of uncertainty brought on by the Covid-19 outbreak.