Source : TODAY, Wednesday, April 30, 2008
CAPITALAND'S first-quarter profit fell 59 per cent after one-time gains that boosted income a year earlier were not repeated.
Net income fell to $247.5 million in the three months ended March 31, from $608.1 million in the year-earlier period, the Singapore-based company said today in a statement to the local stock exchange.
Sales fell 1 per cent to $631.3 million. Profit in the first quarter of last year included a fair-value gain of $426.8 million from the sale of Temasek Tower. — bloomberg
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