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CLI 1HFY2022 earnings down 38% y-o-y on lower portfolio gains

The Edge Singapore
The Edge Singapore8/11/2022 07:36 AM GMT+08  • 2 min read
CLI 1HFY2022 earnings down 38% y-o-y on lower portfolio gains
CLI grew its fee management income by 21%
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CapitaLand Investment (CLI) reported earnings of $433 million for 1FY2022, down 38% y-o-y as the company booked lower portfolio gains.

Operating earnings, meanwhile, was up 31% y-o-y to $346 million, with stronger contribution from its fee income-related business.

The company managed better performance from its fund and lodging management, higher contributions from lodging properties in most geographies, as well as better performance at its retail properties in Singapore and Malaysia with the easing Covid-19 related restrictions.

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