CDL doubles Q1 profit to S$199.6m; invests 5.5b yuan in China property developer; CEO joins board of directors

CITY Developments Limited (CDL) more than doubled its net profit to S$199.6 million for its first quarter to March 31, from S$85.3 million for the year-ago period, boosted by strong profit margins for development projects and realisation of a S$144.3 million pre-tax gain from the divestment of Manulife Centre.

Source: businesstimes
CDL doubles Q1 profit to S9.6m; invests 5.5b yuan in China property developer; CEO joins board of directors