CapitaMalls Asia net profit up 2.8% to $75.3 million in first quarter
Published on Apr 17, 2014 7:46 PM
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.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here