SINGAPORE, Oct 21 — CapitaLand Ltd, Southeast Asia’s largest property developer, said today its third quarter net profit plunged 83 per cent from a year ago, due partly to lower revenue from fewer project completions in China and Australia.
CapitaLand, about 40 per cent owned by Singapore state investor Temasek, earned S$80.2 million (RM197.5 million) in net profit in the three months ended September, down from S$460.1 million a year ago. Full story
