SINGAPORE (Yosefardi) – Capitaland Limited established its subsidiary in Indonesia named PT Menara Aspen Persada with share capital of Rp227.7 billion.
Capitaland has built new property with 194 units in Citadines Kuta Beach, Bali.
The company booked revenue of S$918.9 million in third quarter of 2014, declined 4% from S$960.1 million in the same period of 2013. While profit inched up 1% to S$130 million. Operating profit jumped 37% to S$129.5 million.
Year to date, Capitaland’s revenue fell 8% to S$2.4 billion from earlier S$2.6 billion while profit rose 8% to S$751.5 million from S$697.6 million a previous year.
Capitaland said long-term outlook remains positive for its core markets of Singapore and China. The Group is on-track to deliver ROE target of 8% to 12%.