THE LEVEL GROUND
CapitaLand Investment’s retrenchments: Mind the downsides of a profitable business laying off staff
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[SINGAPORE] Global real asset manager CapitaLand Investment (CLI) posted a robust set of results for the first half.
Driven by higher fee income from its listed and private fund management platforms, operating profit after tax and minority interests grew 13 per cent year on year (yoy) to S$293 million.
Together with portfolio gains from asset recycling, net profit attributable to shareholders climbed 14 per cent yoy to S$327 million.
