Invest
CapitaLand 1Q Net Profit Rises 31% To S$133.2 M!
By Dou  •  April 30, 2012

On 30/April, Singapore shares ended lower as investors sidelined ahead of a public holiday.

STI ended lower at 2978.57 (0.1%) with regular VOL of 2.36 billion shares traded compared with 3.34 billion shares Friday. In the broader market, losers outnumbered gainers 257 to 149. Today STI undergo profit taking as investors are not willing to hold stocks over the public holiday.

Headline in STI

After market close

CapitaLand Ltd. (C31.SG) 1Q net profit gain 31.3% to S$133.2 million compared with S$101.5 million a year earlier due to higher portfolio gains and revaluations, and flagged long-term optimism despite immediate policy and economic headwinds.

SMRT Corp. (S53.SG) 4Q net profit slumped 59% to S$13.9 million compared with S$34 million a year ago due mainly to higher operating costs and goodwill impairment on its bus operations, and flagged a challenging year ahead due ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance