Saturday, 30 October 2010

CPL 3Q Result

YTD Sep10 Statutory PATMI increased 349% to S$751m


• 3Q Sep10 PATMI down 43% yoy to S$160m

– Due largely to lower recognition on completion of residential projects in Singapore

• Key events in 3Q10

– Ascott recycled stabilised assets into Ascott Reit

– Acquired prime Bedok Town Centre site for integrated retail-cum-residential development

– 5th residential development project in Vietnam

– Successful listing of CapitaMalls Malaysia Trust (“CMMT”) on Bursa Malaysia

– Formed CapitaValue Homes (affordable housing SBU)

• Group managed real estate assets totaled S$50bn

• Proactive Capital Management

– Strengthened financial flexibility with the issuance of an aggregate S$1b of bonds

– Strong cash liquidity of S$6.4bn

– Healthy Net Debt/Equity of 0.21

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