SINGAPORE (Nov 14): CapitaLand reported 3Q18 earnings of $362.2 million, 13.6% higher compared to the earnings of $318.8 million in 3Q17.

This brings 9M18 earnings to $1.29 billion, unchanged from 9M17.

Revenue for the quarter dropped by 16.9% to $1.26 billion from $1.52 billion a year ago, mainly attributable to lower contributions from the group’s development projects in Singapore and China.

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