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CDI Reports Profit Growth and Strategic Expansion Amid Leadership Change

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CDI Reports Profit Growth and Strategic Expansion Amid Leadership Change

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City Developments ( (SG:C09) ) has issued an update.

CDI reported an increased pre-tax profit of $26.8 million for 2024, driven by favorable market conditions and strategic project approvals. The company is committed to sustainability and has expanded its landholdings by 39% over five years. The retirement of Independent Director John Henderson marks the end of an era, as he played a crucial role in guiding the company through significant developments and challenges.

The most recent analyst rating on (SG:C09) stock is a Hold with a S$4.60 price target. To see the full list of analyst forecasts on City Developments stock, see the SG:C09 Stock Forecast page.

More about City Developments

City Developments (CDI) operates in the real estate industry, focusing on residential and mixed-use developments. The company is actively expanding its landholdings and development portfolio, with significant projects in areas like Hamilton, Nelson, and Christchurch.

Average Trading Volume: 2,276,885

Technical Sentiment Signal: Strong Sell

Current Market Cap: S$4.33B

See more insights into C09 stock on TipRanks’ Stock Analysis page.

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