Singapore’s Richest Property Family Hurt by Tax Expenses

Bloomberg2021-08-12

Singapore’s richest property dynasty, which runs CITY DEVELOPMENTS LIMITED, suffered a loss of S$32.1 million ($23.7 million) in the first half of the year due to tax expenses and the pandemic fallout...

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精彩评论

Sinjinling
2021-08-12
Sinjinling
加油💪，一定会东山再起！
RobinCHG
2021-08-12
RobinCHG
Hopefully can overcome !!
Gibbie
2021-08-12
Gibbie
Tax
Roarhigher
2021-08-12
Roarhigher
Nice
- DinoJ:
  Ok
IZLIN
2021-08-12
IZLIN
@simplydkam @Sagi08 @Meow17for info!
Cumcumber
2021-08-12
Cumcumber
Nice
- Frisbee:
  ok

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CDL’s revenue in the six months rose by 11.1% to S$1.2 billion.\nWith travel restrictions still largely in place for most countries, its hotel operations segment registered a 10.8% decline in revenue. The firm’s investment properties also generated lower rental income, hurt by decreased footfalls, rental rebates given to retail tenants and significantly lower contribution from its Phuket mall.\n“While the road to recovery remains uneven, the accelerated vaccine deployment across the globe and the gradual easing of border restrictions offer light at the end of the tunnel,” said its chief executive officer, Sherman Kwek.\nThe company is still reeling from arecord loss of S$1.9 billion for the last financial year, largely because of impairments from its bungled backing of Chinese developer Chongqing Sincere Yuanchuang Industrial Co. CDL has already written off the investment and said it will no longer inject funds into Sincere, which is trying to stave off a bankruptcy application brought against it by a China-based creditor.\nFor CDL, it’s trying to move past the fallout and focus on other projects. 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can overcome !!","listText":"Hopefully can overcome !!","text":"Hopefully can overcome 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