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CRCT says it sees 'sustained improvements' in shopper traffic and tenant sales in 3Q business update

Felicia Tan
Felicia Tan10/30/2020 06:57 PM GMT+08  • 1 min read
CRCT says it sees 'sustained improvements' in shopper traffic and tenant sales in 3Q business update
Units in CRCT closed 5 cents lower or 4.1% down at $1.17 on Oct 30.
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In its 3QFY2020 business update, CapitaLand Retail China Trust (CRCT) says all its malls and trade sectors are now operational and that its shopper traffic and tenant sales have showed “sustained improvements”.

Shopper traffic for the quarter registered an 89.0% y-o-y recovery compared to 3QFY2019, and a 34.7% improvement q-o-q.

3QFY2020 tenant sales registered a 91.9% recovery y-o-y compared to the corresponding quarter a year ago, and a 25.8% growth q-o-q.

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