SINGAPORE'S CapitaLand, South-east Asia's largest property developer, said that it will be unlikely to match 2007's earnings this year because of a lack of revaluation gains. The firm should still do better at the operating level, including buying and selling property and managing property funds, said chairman Richard Hu at the firm's annual general meeting on Tuesday.
CapitaLand last year posted profit of $2.8 billion, of which about $1.1 billion was due to revaluation gains. It reports first quarter earnings on Wednesday. -- REUTERS
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