Home Capital Results

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

PC Lee
PC Lee8/8/2018 07:31 AM GMT+08  • 2 min read
CapitaLand 2Q earnings up 4.4% to $605.5 mil on investment properties
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 fro
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

Group revenue for the quarter increased 35.3% to $1.3 billion on the back of higher handover of residential units in China, rental revenue from newly acquired and opened properties in Singapore, China and Germany, as well as the consolidation of revenue from three REITs with effect from August 2017. The development projects which contributed to the revenue this quarter were Century Park West in Chengdu, New Horizon in Shanghai, as well as Sky Habitat in Singapore.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now