Friday, October 29, 2010

CapitaMalls Asia 3Q2010 Net Profit Rises 14 Per cent

CapitaMalls Asia Ltd registered profit after tax and minority
interests (PATMI) of S$68 million for 3Q2010 (ending September
2010), 14 per cent higher than the S$59.6 million for the
corresponding period last year. Revenue under management
was S$325.6 million for the third quarter, 5 per cent higher
than the S$309 million last year.
Earnings before interest and tax (EBIT) came in at S$77.1
million for 3Q2010.
For the first nine months this year, the Group earned Net
Property Income of S$230.2 million, up 27 per cent from the
S$181.3 million registered in 2009. This was supported by
higher gross turnover and shopper traffic across the entire
portfolio of malls.
The Group said the successful listing of CapitaMalls Malaysia
Trust in July has enabled it to recycle its capital in the three
shopping malls in Malaysia for new investments, while creating
a fee income business in the country and a listed vehicle
for holding mature and stabilised assets.
This augurs well for CapitaMalls Asia to further grow its
business in Malaysia, the Group said.

CapitaMalls Asia Ltd closed on Thursday at S$2.140.

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