(February 26 12:34) Sbr.com.sg
Uploaded By:
Paul Howell
Submitted By:
Paul Howell
Case Study:
No
The property firm's revenue fell by 38.5% for FY 2020.
City Developments Limited reported a $1.9b loss in the second half of 2020.
According to the property firm, significant loss was attributable to one-off impairment of $1.78b on Sincere Property Group investment and impairment losses for CDL’s hotels and investment properties of $99.5m and allowance for foreseeable losses for development projects of $35m.
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