CapitaMalls Asia posts record profit of $546 million, up 19.7%

CapitaMalls Asia (CMA) has posted a record net profit of $546 million for the full year as of 31 December, up 19.7 per cent from the year before.

This was bolstered by the 46.7 per cent jump in revenue, which came in at $361.2 million.

The revenue growth was the result of contributions from Olinas Mall, The Star Vista, additional stakes in three malls in Japan, and higher contributions from the management fee business.

Earnings per share for the 12-month period were 14 cents, up from last year's 11.7 cents.

A dividend of 1.63 cents per share has been proposed, with details on the payment date to be announced later.