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CapitaLand For immediate release NEWS RELEASE CapitaLand registers 1H 2021 PATMI of S $ 922.2 million Singapore , 13 August 2021 - CapitaLand Limited registered a PATMI of S $ 922.2 million for 1H 2021 , an increase from the S $ 96.6 million in 1H 2020 , driven mainly by the nascent economic recovery of the Group's two core markets Singapore and China . Operating PATMI¹ for 1H 2021 rose 66.0 % year - on - year to S $ 433.6 million , mainly attributed to transactional fee income from CapitaLand's listed REITs and unlisted funds , lower rental rebates granted to tenants , and higher contribution from development projects . Revenue for 1H 2021 increased by 34.7 % year - on - year to S $ 2,730.0 million . Collectively , Singapore and China accounted for 77.0 % of CapitaLand's revenue . In terms of asset class , investment properties comprising office , retail , business park , logistics and industrial , as well as lodging properties , which are recurring in nature , accounted for 69.0 % of total revenue . EBIT grew 262.9 % to S $ 2,165.7 million compared to 1H 2020. Singapore and China remain the key contributors to EBIT , accounting for 84.1 % of total EBIT for 1H 2021 . Financial highlights 1H 2021 ( S $ m ) Revenue 2,730.0 1H 2020 ( S $ m ) 2,027.4 Variance ( % ) 34.7 Earnings before interest and tax ( EBIT ) 2,165.7 596.8 262.9 Total PATMI 922.2 96.6 854.5 Comprising : Operating PATMI¹ 433.6 261.2 66.0 Portfolio gains² 489.0 9.3 NM Revaluation gains and impairments NM = Not meaningful ( 0.4 ) ( 173.9 ) ( 99.8 ) Operating PATMI refers to profit from business operations excluding any gains or losses from divestments , revaluations and impairments . 2 Portfolio gains comprise gains or losses arising from divestments , gains from bargain purchase or re- measurement on acquisitions and realised revaluation gains / losses arising from revaluation of investment properties to agreed selling prices of properties . 1