The company also expects to recognise fair value losses on a portfolio of the group’s portfolio of properties, as well as impairments on certain residential projects and equity investments.
CapitaLand Limited has guided that its operating PATMI is expected to drop by 20% to 30% from $1.06 billion recorded in the FY2019 ended December.
Cash PATMI, which comprises operating PATMI and portfolio gains is expected to reduce by 35% to 45% from the $1.49 billion in FY2019.
