Mapletree posts 87% profit jump, forecasts growth: Update

Mapletree posts 87% profit jump, forecasts growth: Update
Mapletree Investments, the real estate unit of Singapore’s state investment firm Temasek Holdings, posted an 87% surge in full-year profit and said it plans to almost double assets in five years. Net income rose to $393.8 million in the year ended March 31 from $210.3 million the previous year, helped by new developments and gains from the increased value of its holdings, the Singapore-based …

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