Singapore: CapitaLand Ltd, Southeast Asia's largest property developer, on Wednesday said its third-quarter core profit soared 48.3 per cent compared with the same period last year, due to better performance across all business units.
CapitaLand reported a profit after tax and minority interest of 192.7 million Singapore dollars ($138.11 million) for the quarter, as revenue rose 17.1 per cent on the year.
"The group remains focused on Singapore and China as core markets, while it continues to expand in growth markets such as Vietnam, Indonesia and Malaysia," CapitaLand said in a statement.
CapitaLand reported a profit after tax and minority interest of 192.7 million Singapore dollars ($138.11 million) for the quarter, as revenue rose 17.1 per cent on the year.
"The group remains focused on Singapore and China as core markets, while it continues to expand in growth markets such as Vietnam, Indonesia and Malaysia," CapitaLand said in a statement.
© Thomson Reuters 2015
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