Singapore's CapitaLand Q4 net profit rises 49 pct

SINGAPORE, Feb 22 (Reuters) - CapitaLand (CATL.SI: Quote, Profile, Research), Southeast Asia's largest developer, said on Friday its fourth quarter net profit rose 49 percent from a year ago due to revaluation gains and higher profits from projects in Singapore and abroad.

The firm posted net profit of S$674.7 million for the three months to December 31 compared with a revised S$453.5 million in the same period a year ago, and was above the average forecast of $350 million by five analysts polled by Reuters.

CapitaLand's earnings for the full year rose 173 percent to S$2.8 billion, beating the S$2.2 billion mean forecast of 14 analysts polled by Reuters Estimate.

Looking ahead, CapitaLand said the outlook was cloudy due to weakness in the U.S. economy and the tight credit environment.

(Reporting by Kevin Lim and Daryl Loo)