Source : The Business Times, October 26, 2007
CapitaLand, Singapore's biggest property firm by market value, said on Friday that its third-quarter net profit more than doubled, boosted by higher home sales and strong demand for office space.
The company, which is partly owned by Singapore state investor Temasek Holdings, said it earned $563.9 million (US$387.6 million) net profit in the July to September quarter this year, higher than the restated $272.4 million it chalked up in the same period last year.
Like rivals Keppel Land and City Developments, CapitaLand has benefited from a property market boom that has seen prices for Singapore luxury homes hit unprecedented levels. -- REUTERS
Related Link -
http://tinyurl.com/2xlln6
Capitaland's news release
http://tinyurl.com/285m5v
Financial statements
http://tinyurl.com/2z23d3
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