City Developments Ltd reported a 61% year-on-year jump in group revenue to SGD 2.7 billion for the first half of 2026, with profit after tax and minority interests more than tripling to SGD 302 million. Property development revenue surged 167% to become the largest contributor, while hotel revenue rose 6.4% on a 4.9% increase in RevPAR. The company declared an interim dividend of SGD 0.06 per share, double the prior-year payout, and said its board unanimously approved a strategic review to be unveiled at the end of September. Gearing climbed to 75% from 71% at end-2025, which management called high and uncomfortable, and net finance costs fell 47% to SGD 145 million.
City Developments LimitedRevenue and profit surged, dividend doubled, and strategic review announced.
Revenue and profit surged, dividend doubled, and strategic review announced.
