Singapore's CapitaLand posts drop in quarterly net profit

Monsters and Critics, 22 Feb 2011Singapore - Singapore's CapitaLand Ltd, the biggest property developer in South-East Asia, on Tuesday posted a 41-per-cent drop in its fourth-quarter net profit due to lower one-time gains compared to a year earlier.In the three months through December, net profit was 522.1 million Singapore dollars (408.24 million US dollars), down from 885.7 million Singapore