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CapitaLand reports 37.8% fall in 4Q earnings to $267.7 mil; acquires Pearl Bank Apartments for $728 mil

PC Lee
PC Lee2/13/2018 06:55 AM GMT+08  • 2 min read
CapitaLand reports 37.8% fall in 4Q earnings to $267.7 mil; acquires Pearl Bank Apartments for $728 mil
SINGAPORE (Feb 13): CapitaLand reported a 37.8% drop in 4Q17 earnings to $267.7 million from a year ago, mainly due to lower handover of units for development projects in China.
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SINGAPORE (Feb 13): CapitaLand reported a 37.8% drop in 4Q17 earnings to $267.7 million from a year ago, mainly due to lower handover of units for development projects in China.

This brings FY17 earnings to $1.55 billion, up 30.3% from a year ago, the highest since FY2008.

In 4Q17, revenue decreased by 34.6% to $1,212.6 million mainly due to lower completion and handover of units from development projects in China.

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