CapitaMalls Asia's Q2 Net Profit Declines

SINGAPORE-CapitaMalls Asia Ltd., a mall developer based in Singapore, has reported a decline of 24% in Q2 2010 net profit due to revaluation gains on property portfolios.

By GlobeSt News Portal | August 04, 2010 at 01:01 AM

SINGAPORE-CapitaMalls Asia Ltd., a mall developer based in Singapore, has reported a decline of 24% in Q2 2010 net profit due to revaluation gains on property portfolios.

The net profit for Q2 2010 was S$113.1 million, a decrease from S$148.2 million in 2009. CapitaMalls Asia's Q2 revenue moved up from S$55.3 million to S$73.0 million, an increase of 32%. The company has plans to open one new mall in India and three malls in China. For the full story, go to Wall Street Journal.

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