1. A steady set of financial numbers
CLI reported a slight 1% year on year fall in revenue to S$1.3 billion. There were lower contributions from the group’s Real Estate Investment Business (REIB) due to property divestments but the drop was offset by a higher contribution from its Fee Income-related Business (FRB). FRB revenue grew 9% year on year to S$519 million as the group enjoyed better recurring...If you are keen on investing in property-related companies, you are in luck.
Earlier last week, City Developments Limited (SGX: C09) released its fiscal 2023’s first half (1H 2023) earnings and reported a 48% year-on-year jump in core profit before tax.
Late last week, CapitaLand Investment Limited (SGX: 9CI), or CLI, followed-up with its latest 1H 2023 earnings.
The blue-chip property giant did not disappoint as it reported healthy growth for its assets under management (AUM) and funds under management (FUM).
Join us as we sift out five interesting highlights from CLI’s financial report card.
