Fair value, divestment gains lift CapitaLand's Q3
Excluding one-off items, Q3 earnings fell 18.8% due to lower home sales in China
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FAIR value gains from redevelopment projects and portfolio gains from recent divestments lifted CapitaLand's net profit by 28.1 per cent to S$317 million in its third quarter.
Excluding one-time items, operating profit after tax and minority interests for the quarter fell 18.8 per cent to S$204.5 million.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern