CDL suffers $1.9b loss in H2 2020

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. read more