CDL Investments Reports Profitable Half-Year

City Developments (SG:C09) has released an update.

CDL Investments New Zealand Limited reported a solid half-year with a profit of $2,742 thousand for the period ending June 30, 2024, compared to $5,024 thousand in the previous year. The company’s revenue increased from $11,968 thousand to $16,614 thousand, driven by property sales and rental income. Despite higher administrative and other expenses, the firm maintained a robust gross profit of $10,322 thousand.

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