City Developments Posts $9.7mm PBT for H1 2021

This is despite a revenue of $1.2b for H1 2021.

City Development announced today that a Profit Before Tax (PBT) of $9.7mm was recorded for H1 2021.

The company attributes this to higher financing costs and lower divestment gains.

Meanwhile, a revenue of $1.2b was reached because of their property development segment in Whistler Grand, Amber Park and The Tapestry. These accounted for 70% of the revenue.

City Development also recorded an upward trend in their EBITDA, from 189.7mm last year to $272.1mm for H1 2021.

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