CDL 1H26 PATMI rises to S$301.6 million; revenue climbs to S$2.7 billion

Reuters2026/08/12 23:53

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CDL revenue rose 58.82% to S$2.7 billion for 1H 2026; PATMI more than doubled to S$301.6 million.
Pre-tax profit climbed to S$403.8 million; property development revenue jumped 166.8% on Lumina Grand TOP and Newport Residences launch.
Hotel operations swung to a pre-tax profit of S$42 million from a pre-tax loss; segment revenue increased 6.4% as RevPAR rose 4.9%.
Interim dividend declared at 6 Singapore cents a share; cash reserves stood at S$2 billion and net gearing was 75%.
Strategic review outcome remains on track for end-September 2026, outlining future strategy, capital allocation framework, and implementation roadmap.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CDL - City Developments Ltd. published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CDL 1H26 PATMI rises to S$301.6 million; revenue climbs to S$2.7 billion

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