CapitaLand Ltd

CapitaLand Ltd. said fourth-quarter net profit increased 49% on higher revenue and gains on its property portfolio.

Southeast Asia’s largest property developer by market capitalization reported net of S$674.7 million (US$480 million) for the quarter, up from a restated S$453.5 million a year earlier.

The company said in a statement that Revenue rose 33% to $1.3 billion from $999 million on a buoyant Singapore market and on higher contributions from operations in Australia and China,