Mapletree's profits down 18% to $1.78b in FY2020

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No It was driven by lower asset revaluation and disposal gains. Mapletree Investments saw its profit after tax and minority interests (PATMI) fall 18% YoY to $1.78b in FY2020 from $2.16b in FY2019, a press release revealed. Group revenue inched up 1% YoY to $3.88b from $3.82b over the same period. The decline in PATMI was driven by lower asset revaluation and disposal gains. Mapletree also stated that it delivered the highest recurring earnings of $752m in five years, which shows a 5% YoY growth. read more