CapitaLand posted a 19 per cent drop in net profit to $351 million - Printable Version

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+--- Thread: CapitaLand posted a 19 per cent drop in net profit to $351 million (/Thread-CapitaLand-posted-a-19-per-cent-drop-in-net-profit-to-351-million)

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CapitaLand posted a 19 per cent drop in net profit to $351 million - Scythian - 13-08-2023

" - 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.

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RE: CapitaLand posted a 19 per cent drop in net profit to $351 million - winbig - 13-08-2023

Looks like most property counters took a hit in first half of the year.

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RE: CapitaLand posted a 19 per cent drop in net profit to $351 million - hansamu - 13-08-2023

Good chance to  accumulate.

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