CapitaLand Investment's Profit Slumps Amid Struggle to Divest
The firm, backed by state investor Temasek Holdings Pte, reported net income of S$287 million ($224 million) for the six months ended June 30, down 13% from a year earlier. Revenue fell 24% to S$1.04 billion, although it slightly beat a S$1.03 billion average of two analysts' estimates compiled by Bloomberg.
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