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Home / News / Results

CapitaLand incurs FY2020 losses of $1.57 bil, to pay dividend of 9 cents

Results

CapitaLand incurs FY2020 losses of $1.57 bil, to pay dividend of 9 cents

The Edge Singapore Published on Wed, Feb 24, 2021 / 6:56 AM GMT+8

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CapitaLand has reported a net loss of $1.57 billion for FY2020 - its largest ever - as it wrote down some $2.5 billion in value of its investment properties, projects, and equity investments impacted by the Covid-19 outbreak, including Jewel Changi Airport and ION Orchard.

In contrast, it reported earnings of $2.1 billion in the preceding FY2019.

The last time CapitaLand reported a full-year loss was for FY2001.