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Nassim bulk sale helps CapitaLand post 77% jump in Q1 gain to S$386m

Recurring income set to grow as more China malls become operational, says CapitaLand

Published Wed, Apr 26, 2017 · 09:50 PM

Singapore

CAPITALAND Ltd achieved a 77.2 per cent jump in net profit to S$386.8 million for the first quarter ended March 31, aided by divestment gains.

Giving a fillip to the quarterly reults was a S$160.9 million gain from the sale of 45 units at The Nassim, a luxury condominium project near Orchard Road, to one of Singapore's richest men and veteran banker Wee Cho Yaw in January.

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Companies & Markets

Companies & Markets

Nassim bulk sale helps CapitaLand post 77% jump in Q1 gain to S$386m

Companies & Markets

Kraft Heinz misses sales estimates as higher prices deter customers

Marriott boosts full-year profit view after mixed Q1 results

J&J advances US$6.48 billion settlement of talc cancer lawsuits

US holds quarterly debt sale steady, starts buybacks this month

US dollar nears six-month high after pre-Fed data shock, yen steady

KFC parent Yum reports surprise drop in global same-store sales on weak demand

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