CDL calls for trading halt as it cancels results briefing
For the full year, its net profit stands at S$201.3 million
City Developments Limited (CDL) announced on Wednesday (Feb 26) morning that it is canceling its results briefing that was scheduled to be held on the same day, pending announcements.
That was to be at 10 am on Wednesday for both the media, as well as analysts.
The company also issued a bourse filing shortly after it posted its H2 and FY2024 earnings, calling for a trading halt.
“Following the release of the request for trading halt announcement, the company will be cancelling the FY 2024 results briefing, pending release of further announcements,” it said.
The property company posted a profit of S$113.5 million for its second half ended Dec 31, down 54.7 per cent from S$250.8 million in the previous corresponding period.
For the full year, CDL’s net profit stood at S$201.3 million, down 36.6 per cent from S$317.3 million in the year-ago period.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing
Can a first-time homebuyer couple earning S$18,000 a month afford a new EC unit?
Asia needs new energy security architecture
