CapitaLand posts first quarterly loss since 2003

Reuters, 29 Jul 2009, Kevin Lim
SINGAPORE, July 30 (Reuters) - CapitaLand (CATL.SI), Southeast Asia's biggest developer, on Thursday posted its first quarterly loss since 2003 due to writedowns on investments and said the outlook for 2009 was uncertain.
CapitaLand, which is 40 percent held by Singapore state investor Temasek [TEM.UL], reported a net loss of S$156.9 million ($108.4 million) for the three months ended June 30 compared with a net profit of S$515.2 million a year earlier.
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