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Scythian

13-08-2023, 03:44 AM
" - CapitaLand Investment (CLI) posted a 19 per cent drop in net profit to $351 million for its first half ended June 30, from $433 million in the previous corresponding period.

This was mainly due to lower portfolio gains amid a prudent deal-making environment, which slowed down asset-recycling transactions, the property giant said in a regulatory filing on Friday.

Earnings per share stood at 6.9 cents for the half year, down from 8.4 cents the previous year.

" Thinking

winbig

13-08-2023, 10:51 AM
Looks like most property counters took a hit in first half of the year.

hansamu

13-08-2023, 11:37 AM
Good chance to  accumulate.
SG Talk > SG Talk > Market Talk > CapitaLand posted a 19 per cent drop in net profit to $351 million