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Fair value gains give Goodland FY14 boost

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Published Mon, Dec 1, 2014 · 09:50 PM

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Singapore

RESIDENTIAL developer Goodland Group said on Friday that fair-value gains pushed full-year net profit up by 24 per cent despite revenue dropping by a third.

Net profit for the year ended Sept 30 rose to S$21.1 million, or 10.84 Singapore cents per share, even though revenue fell 32 per cent to S$25.3 million, the company announced on Friday after the market closed.

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