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CDL's Q4 net profit falls 23% against 'very strong' 2016


CITY Developments (CDL) on Wednesday posted a 23 per cent fall in net profit to S$186.7 million for its fourth quarter, but the property developer put it down to an exceptionally strong 2016 that proved hard to beat on a year-on-year comparison.

In FY16, the group's...

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