Home Capital Results

CapitaLand sees 9.5 times earning growth to $922.2 mil for 1H21

Atiqah Mokhtar
Atiqah Mokhtar8/13/2021 7:12 AM GMT+08  • 3 min read
CapitaLand sees 9.5 times earning growth to $922.2 mil for 1H21
Revenue for 1H21 increased by 34.7% y-o-y to $2.73 bil.
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.

CapitaLand reported earnings of $922.2 million for the 1HFY2021 ended June, 9.5 times higher than the $96.6 million recorded in the first half of the previous year, driven mainly by the economic recovery in the group’s core markets of Singapore and China.

Revenue for 1HFY2021 increased by 34.7% y-o-y to $2.73 billion. Collectively, Singapore and China accounted for 77% of CapitaLand’s revenue. In terms of asset class, investment properties comprising office, retail, business park, logistics and industrial, as well as lodging properties, which are recurring in nature, accounted for 69.0% of total revenue.

Operating PATMI for 1HFY2021 rose 66% y-o-y to $433.6 million, mainly attributed to transactional fee income from CapitaLand’s listed REITs and unlisted funds, lower rental rebates granted to tenants, and higher contribution from development projects.

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.