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CapitaMalls Asia net profit up 2.8% to $75.3 million in first quarter

Published on Apr 17, 2014 7:46 PM
 
CapitaMalls Asia's revenue grew 4.8 per cent year-on-year for the first three months of the year to $125 million. This was due to higher property income from Olinas Mall in Japan (pictured) and operating malls in China. -- FILE PHOTO: CAPITAMALLS ASIA 

CapitaMalls Asia has posted a net profit of $75.3 million for the first quarter, a rise of 2.8 per cent from the same period a year ago.

Revenue grew 4.8 per cent year-on-year for the first three months of the year to $125 million.

This was due to higher property income from Olinas Mall in Japan and operating malls in China, CMA said on Thursday.

Higher property management fees from Singapore, mainly thanks to Bedok Mall and Westgate, which both began operations in December, also helped to boost revenue.

 
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