CapitaLand 4Q net profit down 45%

SINGAPORE: CapitaLand has reported a 45 per cent fall in fourth-quarter net profit to US$212 million (S$262.7 million).

The Singapore-listed property developer said earnings fell largely due to lower contributions from several projects that were completed a year earlier.

Its revenue rose 5 per cent to US$887 million (S$1.1 billion).

- CNA/ck

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CapitaLand 4Q net profit down 45%