SINGAPORE (Nov 9): Property group CapitaLand reported a 28.4% rise in 3Q earnings to $247.5 million from a year ago on better operating performance.
Operating PATMI grew 54.5% to $251.8 million due to higher contributions from the group’s residential businesses in Singapore and China, commercial portfolio in Singapore, shopping malls in China and Malaysia, as well as newly acquired serviced residences.
In the three months to Sept, revenue rose 27.7% to $1.37 billion on the back of higher contributions from development projects in Singapore and China, higher rental income from commercial portfolio in Singapore as well as serviced residence business.
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