CapitaLand posts big drop in Q2 profit

More income: CapitaLand’s higher revenue is due to better performance from Gurney Plaza in Penang.

PETALING JAYA: Mall operator CapitaLand Malaysia Mall Trust (CMMT) posted a 52% drop in net profit to RM42.77mil or 2.11 sen per share for the second quarter ended June 30, 2016 from RM88.63mil or 4.98 sen per share in the same quarter a year ago.

This was achieved on the back of a 15.6% hike in revenue to RM92.01mil.