CapitaLand 2Q earnings double to S$579.3 mil on better operating performance

SINGAPORE (Aug 3): CapitaLand, South-east Asia’s largest property group, has reported a near doubling of 2Q17 earnings to S$579.3 million (RM1.83 million) from S$294 million a year ago.

CapitaLand says the bottomline was lifted by better operating performance, higher revaluation gains from investment properties in Singapore and China, as well as higher portfolio gains arising mainly from the divestments of Innov Tower in China and 18 rental housing properties in Japan.