CapitaMalls Asia Q3 profit up 4%

CAPITAMALLS Asia (CMA) posted a net profit of $64.8 million for the third quarter ended Sept 2013, up 4 per cent over the $62.4 million posted a year ago.

Its revenue, however, fell 10.1 per cent to $91.8 million, from $102.1 million a year ago.

The boost in net profit came largely from an increase in the share of results from associates and jointly-controlled entities, which jumped 38.6 per cent.

Specifically, property income rose 15.1 per cent to $98.7 million, due primarily to higher contribution from CapitaMall Trust; one of its malls resumed…