City Developments Posts $9.7mm PBT for H1 2021

This is despite a revenue of $1.2b for H1 2021.

City Development announced today that a Profit Before Tax (PBT) of $9.7mm was recorded for H1 2021. 

The company attributes this to higher financing costs and lower divestment gains. 

Meanwhile, a revenue of $1.2b was reached because of their property development segment in Whistler Grand, Amber Park and The Tapestry. These accounted for 70% of the revenue. 

City Development also recorded an upward trend in their EBITDA, from 189.7mm last year to $272.1mm for H1 2021.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!