CapitaLand Limited’s group revenue slipped 4.3 percent to $918.9 million in Q3 2014, from $960.1 million in Q3 2013.
Singapore and China accounted for 75.7 percent of revenue.
During the same period, the Group’s Earnings before Interest and Tax (EBIT) also dropped 7.2 percent to $350.5 million, with Singapore and China contributing 80.1 percent of total EBIT.
However, CapitaLand recorded profit after tax and minority interests (PATMI) of $130 million for Q3 2014, up 1.3 percent from the same quarter last year.
The Group’s Operating PATMI for the third quarter rose 37 percent to $129.5 million year-on-year, driven by higher contribution from the shopping mall business, development projects in China and Vietnam, and lower finance costs.
President & Group CEO of CapitaLand Limited Lim Ming Yan said the group will continue to recycle capital and grow its assets under management.
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
