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CapitaLand expects to report loss for FY2020, to recognise higher impairment and fair value losses

Felicia Tan
Felicia Tan1/22/2021 7:25 PM GMT+08  • 2 min read
CapitaLand expects to report loss for FY2020, to recognise higher impairment and fair value losses
CapitaLand will be releasing its FY2020 results on the morning of Feb 24.
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CapitaLand Limited has guided that its operating PATMI is expected to drop by 20% to 30% from $1.06 billion recorded in the FY2019 ended December.

Cash PATMI, which comprises operating PATMI and portfolio gains is expected to reduce by 35% to 45% from the $1.49 billion in FY2019.

The company also expects to recognise fair value losses on a portfolio of the group’s portfolio of properties, as well as impairments on certain residential projects and equity investments.

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