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Monday 9 February 2009
CapitaLand Posts 88% Drop in Quarterly Net, Sells Rights Shares
CapitaLand Ltd., Southeast Asia’s largest property developer, will raise S$1.84 billion ($1.2 billion) after reporting an 88 percent slump in its fourth-quarter profit.
CapitaLand Posts 88% Drop in Quarterly Net, Sells Rights Shares
9 February 2009
By Chen Shiyin and Andrea Tan
Feb. 9 (Bloomberg) -- CapitaLand Ltd., Southeast Asia’s largest property developer, will raise S$1.84 billion ($1.2 billion) after reporting an 88 percent slump in its fourth-quarter profit.
Net income for the three months ended Dec. 31 fell 88 percent to S$78 million ($52 million) from S$674.7 million a year earlier, the company said in a statement to the Singapore exchange.
Revenue declined to S$703.7 million from S$1.32 billion a year earlier, the statement said.
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CapitaLand Posts 88% Drop in Quarterly Net, Sells Rights Shares
9 February 2009
By Chen Shiyin and Andrea Tan
Feb. 9 (Bloomberg) -- CapitaLand Ltd., Southeast Asia’s largest property developer, will raise S$1.84 billion ($1.2 billion) after reporting an 88 percent slump in its fourth-quarter profit.
Net income for the three months ended Dec. 31 fell 88 percent to S$78 million ($52 million) from S$674.7 million a year earlier, the company said in a statement to the Singapore exchange.
Revenue declined to S$703.7 million from S$1.32 billion a year earlier, the statement said.
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