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CDL net profit down 13.1%

Group has acquired five prime freehold properties in UK for £152m

Kalpana Rashiwala

Published Wed, May 14, 2014 · 10:00 PM

CITY Developments Ltd (CDL), which posted a 13.1 per cent drop in net profit to $119.7 million for the first quarter ended March 31, 2014, has acquired five prime freehold properties in the UK for £152 million (S$318.9 million) since September last year.

Besides the £80 million purchase of a multi-storey car park site at 28 Pavillion Road in K…

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Companies & Markets

Companies & Markets

CDL net profit down 13.1%

Kalpana Rashiwala

Companies & Markets

Wilmar appoints former minister George Yeo as independent non-executive director

UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration

Deutsche Bank has cut dozens in Asia private banking overhaul

Middle East violence heightens market fears of rate hikes, inflation

Tokyo's Nikkei drops more than 1,000 points, most in 3 years

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

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