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CapitaLand posts 1.7% fall in Q1 net profit to $183 million

Published on Apr 25, 2014 10:00 PM

Property giant CapitaLand has posted a 1.7 per cent fall in first-quarter earnings to $182.8 million.

Revenue for the three months to March 31 fell 3.4 per cent to $612.6 million year-on-year.

Net profit fell as the quarter from a year ago included a one-time portfolio gain of $58.7 million.

CapitaLand Singapore sold 34 residential units, amounting to a total sales value of $87 million in the first quarter, while 1,177 residential units at a sales value of $269 million were sold in China.

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