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CapitaLand 2Q earnings up 4.4% to $605.5 mil on investment properties

By PC Lee

/ The Edge Singapore |

August 8, 2018 3:10 PM SGT

SINGAPORE (Aug 8): CapitaLand posted 2Q18 earnings of $605.5 million, 4.4% higher as compared to a year ago, mainly due to higher contributions from newly acquired and opened investment properties in Singapore, China and Germany, and revaluation gains from its portfolio of investment properties.

The 2Q18 results bring 1H18 earnings to $924.6 million. Excluding the gain from the sale of The Nassim, earnings for 1H18 increased 13.9% compared to 1H17.

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