City Developments Limited (ADR) (PK:CDEVY)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| Company Contact | |
| Address: | 9 Raffles Place, #12-01 Republic Plaza 048619 |
| Tel: | N/A |
| Website: | https://cdl.com.sg |
| IR: | See website |
| Key People | ||
| Leng Beng Kwek Executive Chairman of the Board | Esther An Chief Sustainability Officer | Eik Tse Kwek Group Chief Executive Officer, Executive Director |
| Yim Ming Yiong Group Chief Financial Officer | Eik Sheng Kwek Group Chief Operating Officer | Mei Ling Lee Executive Vice President, Head - Property Development |
| Callie Yah Executive Vice President, Head - Global Asset Management | Ivan Ng Chief Technology Officer | Gerald Yong Chief Investment Officer | Ngiang Hong Chia Group General Manager |
| Business Overview |
| City Developments Limited is a Singapore-based global real estate company with a network spanning approximately 163 locations in 29 countries and regions. Its portfolio of assets comprises residences, offices, hotels, serviced apartments, student accommodation, retail malls and integrated developments. The Company's segments include Property development, Hotel operations, Investment properties and Others. The Property development segment is engaged in developing and purchasing properties for sale. The Hotel operations segment owns and manages hotels. The Investment properties segment is engaged in developing and purchasing investment properties for lease. The Others segment comprises investment in shares, management and consultancy services, and provision of laundry services. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, City Developments Limited (ADR) revenues increased 50% to SP$4.94B. Net income applicable to common stockholders decreased 76% to SP$305.1M. Revenues reflect Property Development segment increase from SP$1.38B to SP$2.79B, Hotel Operation segment increase of 9% to SP$1.5B, Singapore segment increase of 59% to SP$2.8B, Other Countries segment increase from SP$404.5M to SP$920.8M. |
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