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CityDev’s FY16 earnings fall 15.5% to $653.2 mil

Michelle Zhu
Michelle Zhu2/23/2017 08:28 AM GMT+08  • 2 min read
CityDev’s FY16 earnings fall 15.5% to $653.2 mil
SINGAPORE (Feb 23): City Developments Limited (CDL) reported FY16 earnings of $653.2 million, which represents a 15.5% decline from the $773.4 million posted for FY15.
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SINGAPORE (Feb 23): City Developments Limited (CDL) reported FY16 earnings of $653.2 million, which represents a 15.5% decline from the $773.4 million posted for FY15.

FY16 revenue grew 18.2% to a record $3.9 billion, up 18.2% from $3.3 billion in the previous year.

For the fourth quarter ended Dec 31, earnings came in at $243.8 million, 40.6% lower than the $410.5 million declared in the previous year despite a 36.5% increase in revenue to $1.2 billion.

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