CapitaMalls Asia registered profit after tax and minority interests (PATMI) of $68 million for 3Q 2010, 14% higher than the $59.6 million for 3Q 2009. Revenue under management was $325.6 million for 3Q 2010, 5% higher than the $309 million for 3Q 2009.

Earnings before interest and tax (EBIT) came in at $77.1 million for 3Q 2010. Net Property Income was $230.2 million for the first nine months of 2010, 27% higher than the $181.3 million for YTD 2009. This was supported by higher gross turnover and shopper traffic across the entire portfolio of malls.

The successful listing of CapitaMalls Malaysia Trust in July has enabled CapitaMalls Asia to recycle its capital in the three shopping malls in Malaysia for new investments, as well as created both a fee income business in the country and a listed vehicle for holding mature and stabilised assets. This augurs well for CapitaMalls Asia to further grow its business in Malaysia. Together with the divestment of Clarke Quay to CapitaMall Trust, CapitaMalls Asia is in a strong cash position of $1.4 billion as at end-September 2010.