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CDL more than doubles Q1 gain to S$199m; CEO joins board

Results boosted by profit margins for development projects, S$144.3m pre-tax gain from Manulife Centre sale

Singapore

CITY Developments Limited (CDL) more than doubled its net profit to S$199.6 million for its first quarter to March 31, from S$85.3 million for the year-ago period, boosted by strong profit margins for development projects and realisation of a S$144.3 million pre-tax gain from...

sentifi.com

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