Revenue for the full year rose 23.9% to $2,328.8 million, driven by earnings from the group’s acquisitions in Vietnam, US, UK, and Australia; the completion of properties previously under development, such as Mapletree Business City II in Singapore and Mapletree Logistics Hub Tsing Yi in Hong Kong SAR; as well as contributions from the group’s four managed real estate investment trusts (REITs).
SINGAPORE (May 31): Mapletree Investments announced record earnings of $1.4 billion for FY16/17, up 46.5% compared FY14/15.
This came on the back of strong recurring earnings, investment and other gains, as well as revaluation gains.
