(August 07 10:53) Sbr.com.sg
Uploaded By:
Nathanielle Punay
Submitted By:
Nathanielle Punay
Case Study:
No
The group suffered from lower contributions from its malls and residential projects.
CapitaLand Limited saw its profit sink 89% YoY to $96.61m in H1 from $875.37m in H1 2019, an SGX filing revealed. Operating profit also crashed 27.7% YoY to $261.2m.
Revenue dipped 4.9% YoY to $2.03m, no thanks to rental rebates of approximately $158.6m granted to tenants in Singapore, China and Malaysia, and lower contributions from shopping malls and residential projects in Singapore and China and the group’s lodging business.
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