CapitaLand posts strong growth, but sees `unpredictable` conditions ahead

by Dramelin 1:30 AM 0 comments

"Nonetheless, we face an uncertain and unpredictable operating environment and economic headwinds in Singapore and China, our core markets," he said. For the fourth quarter of FY 2016, PATMI reached S$430.5 million (about $303 million), a gain of 73.8 percent. Property cooling in China could weigh on market: CapitaLand 7 Hours Ago | 02:31Southeast Asia`s largest property developer, CapitaLand, on Wednesday announced that it had seen a 11.7 percent increase in full year profit, but is warning of "uncertain" and "unpredictable" conditions ahead. "CapitaLand has remained resilient and delivered a good set of results for the financial year," CapitaLand Chairman Ng Kee Choe, said in a company filing. The group`s revenue for the fiscal year rose by 10.3 percent ? driven by development projects in Singapore and China, the commercial portfolio in Singapore and the serviced residence business.