{
  "id": 713296,
  "title": "CDL H1 profit jumps three times to S$301 million on strong condo sales, doubles interim dividend",
  "url": "https://urgent.news/2026/08/13/cdl-h1-profit-jumps-three-times-to-s-301-million-on-strong-condo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T00:19:28.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/cdl-h1-profit-jumps-three-times-s301-million-strong-condo-sales-doubles-interim-dividend"
  },
  "original_language": "en",
  "account": "Singapore's property developer City Developments Ltd (CDL) reported a significant increase in its first half net profit, jumping three times to S$301.6 million, compared to S$91.2 million in the same period last year. This growth was primarily fueled by strong performance in its property development segment, notably due to the recognition of full revenue and profit from Lumina Grand, a new 512-unit executive condominium in Bukit Batok. The condominium obtained its Temporary Occupation Permit in April, contributing to the surge. Additionally, the company's revenue for the half year rose 61.1 percent to S$2.72 billion, up from S$1.69 billion in H1 2025. CDL doubled its interim dividend to S$0.06 per share, to be paid on September 4, after the record date on August 21.",
  "summary": "S$0.06-a-share-dividend comes on 61% surge in revenue to S$2.72 billion",
  "key_points": [
    "CDL's first half net profit jumps threefold to S$301.6 million",
    "Lumina Grand condominium's revenue and profit recognized fully",
    "CDL doubles interim dividend to S$0.06 per share"
  ],
  "editors_take": "The profit surge and doubled interim dividend signal CDL's strengthened financial position, driven by successful condo sales, particularly from Lumina Grand, boosting shareholder returns.",
  "illustration": "https://urgent.news/ill/713296.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "CDL shares surge 11.2% on strong H1 earnings, doubling of interim dividend",
        "url": "https://urgent.news/2026/08/13/cdl-shares-surge-11-2-on-strong-h1-earnings-doubling-of-interim",
        "published": "2026-08-13T01:37:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}