By Yifan Wang
CapitaLand Ltd.'s (C31.SG) net profit fell 7.8% on year in the third quarter, reflecting a lack of the divestment gains that boosted earnings in the same period a year earlier.
Net profit for the July-to-September quarter was 333.9 million Singapore dollars (US$254.7 million) compared with S$362.2 million, the developer said Tuesday.
Revenue for the quarter increased 37% on year to S$1.73 billion, mainly driven by higher contributions from development projects in China, it said.
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