CapitaLand's profit dropped 89% to $96.61m in H1

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. read more