1 / 1With COVID-19 pandemic adversely affecting its financial performance, CapitaLand Limited’s profit after tax and minority interest plunged 89%, to $96.6 million in the first half of 2020 from $875.4 million over the same period last year.In an SGX filing, the company revealed that its revenue dipped 4.9% year-on-year to $2.03 billion in 1H 2020.
The drop was partially mitigated by new contributions from its Ascendas-Singbridge portfolio and higher handover of residential units in Vietnam. Collectively, the two core markets of China and Singapore accounted for 65.1% of CapitaLand’s revenue, up from 64.8% in 1H 2019. Lee Chee Koon, Group CEO of CapitaLand Group, noted that despite the impact of COVID-19, CapitaLand’s balance sheet remains in a strong position, while its long-term growth strategy is intact.
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CapitaLand's net profit falls 89% in the first half of 2020SINGAPORE: Real estate group CapitaLand reported an 89 per cent drop in its net profit in the first half of the year, due to the impact of the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
CapitaLand first-half profit plunges 89% on Covid-19 restrictions, tenant supportSINGAPORE (THE BUSINESS TIMES) - CapitaLand posted an 89 per cent drop in net profit to $96.6 million for the six months ended June 30, 2020 from $875.4 million a year ago.. Read more at straitstimes.com.
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CapitaLand's net profit falls 89% in the first half of 2020SINGAPORE: Real estate group CapitaLand reported an 89 per cent drop in its net profit in the first half of the year, due to the impact of the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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Source: BusinessTimes - 🏆 15. / 51 Read more »
CapitaLand first-half profit plunges 89% on Covid-19 restrictions, tenant supportSINGAPORE (THE BUSINESS TIMES) - CapitaLand posted an 89 per cent drop in net profit to $96.6 million for the six months ended June 30, 2020 from $875.4 million a year ago.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »