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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Performance

CapitaLand posts 17pct rise in Q2 profit to S$399mln

Posted on 05 August 2011

CapitaLand, Singapore’s largest listed property developer, has posted a 17-per-cent increase in second-quarter net profit from the corresponding period a year earlier to S$399 million due to higher contributions from projects in Singapore and China.
Revenue rose 25 per cent to S$740.4 million. The company, about 40 per cent-owned by investment giant Temasek Holdings, said yesterday it remained positive on its key Singapore and China markets despite global macroeconomic concerns……………………………………….Full Article: Source


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