CapitaMalls Asia clarifies online article on PATMI increase

It's referring to PATMI gain in 2013 vs 2012.

According to a release, CapitaMalls Asia refers to the Business Times article “CMA Q4 profit drops 10% on lower fair-value gains” on 8 February 2013.

CMA’s Chief Executive Officer was quoted as saying “Our core PATMI (profit after tax and minority interests) should increase 30-40 per cent this year from 2011”.

CMA clarifies that this was a reference to an increase in profit after tax and minority interests (excluding revaluation/impairment and portfolio gain) in 2013
compared to 2012.

This assumes profit is recognised from the expected construction progress of Bedok Residences, and that CMA’s 2012 acquisitions in Japan, its newly opened malls in China and Singapore, and its other operating malls continue to perform well given their leasing and earnings visibility, barring unforeseen circumstances.

Details of such activities can be found in CMA’s previous announcements.

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