CapitaLand reports 18.8% lower 1Q earnings to $319.1 mil on absence of one-off gain

SINGAPORE (Apr 30): CapitaLand posted an 18.8% decline in 1Q18 earnings to $319.1 million from $392.8 million a year ago, on the absence of a $160.9 million gain from the sale of The Nassim in 1Q17.

Nonetheless, the group reported a 53.3% growth in 1Q18 revenue to $1.4 billion from $879.5 million a year ago.