CDL returns to profitability with PATMI of S$97.7 million and 24.5% increase in revenue to S$2.6 billion for FY 2021

City Developments Limited (CDL) has returned to profitability with net attributable profit after tax and non-controlling interest (PATMI) of S$129.7 million for its second half (2H 2021) and S$97.7 million for the full year ended 31 December 2021 (FY 2021). In comparison, results for the previous corresponding periods in 2H 2020 and FY 2020 were a net loss after tax and non-controlling interest of S$1.9 billion (same for both periods).