CDL more than doubles Q1 gain to S$199m; CEO joins board

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 more than doubles Q1 gain to S9m; CEO joins board