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[SGX] Share Trading Tips For Profit Earning

CapitaLand posted 1Q earnings of $386.8 million, a 77.2% increase compared to a year ago, lifted by improved operating performance, including the sale of 45 units of The Nassim, and higher portfolio gains.

Group revenue for 1Q17 ended March was $897.5 million, 0.4% higher than 1Q16 due to more handovers from its development projects in China and rental contribution from newly acquired properties. The development projects that contributed to the revenue in China this quarter included One iPark in Shenzhen, Riverfront in Hangzhou, Vista Garden in Guangzhou and Summit Era in Ningbo.

Group EBIT grew 35% to $618.6 million in 1Q17, compared with $458.2 million in 1Q16. Likewise, operating PATMI for the period increased by 121.1% to $337.8 million. The increase in EBIT was mainly attributable to a gain of $160.9 million from the sale of The Nassim, higher handovers from development projects in China, and higher portfolio gains, partially offset by lower revaluation gains from investment properties.

The portfolio gain in 1Q17 of $17.7 million arose mainly from the divestment of a township project in China. Singapore and China remain the key contributors to EBIT, accounting for 84.8% of total EBIT.


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