CapitaLand's net profit plunges 39.5% to $247.7m in Q4

Due to the absence of a divestment gain.

Singapore’s largest property developer reported that its net profit crashed 39.5% to $247.7m in the fourth quarter, bringing its full-year net profit to $1.07 billion.

The decline was due to the absence of a divestment gain. The group booked a one-off gain of $123.5 million after the sale of Westgate Tower in the same quarter last year.

The group’s full-year operating profit stood at $823.6m in FY15, 16.8% higher year-on-year. The increase was on back of higher recurring income from the shopping mall and serviced residence businesses as well as gains on the change in use of development properties for sale to investment properties.

Group revenue increased 21.3% to $4.76b in FY 2015, driven mainly by development projects in China as well as higher rental revenue from the serviced residence business.

CapitaLand declared a dividend of 9 Singapore cents per share in FY15.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia