Reuters, 24 Apr 2009, Kevin Lim
SINGAPORE, April 24 (Reuters) - CapitaLand (CATL.SI), Southeast Asia's largest developer, said on Friday first quarter net profit fell 83 percent and warned that it may book losses on investment properties under development in the next quarter.
"We do not expect a quick and sharp turnaround in global property markets," CapitaLand CEO Liew Mun Leong said in a statement.
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