CapitaLand reports 18.8% lower 1Q earnings to S$319.1m on absence of one-off gain

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SINGAPORE (April 30): CapitaLand posted an 18.8% decline in 1Q18 earnings to S$319.1 million from S$392.8 million a year ago, on the absence of a S$160.9 million gain from the sale of The Nassim in 1Q17.  

Nonetheless, the group reported a 53.3% growth in 1Q18 revenue to S$1.4 billion from S$879.5 million a year ago.

This came on the account of higher contributions from development projects in Singapore and China; rental revenue from newly acquired and opened properties; as well as the consolidation of revenue from CapitaLand Mall Trust (CMT), CapitaLand Retail China Trust (CRCT) and RCS Trust (RCST)... (Click here to read the full story)