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Yanlord Q2 profit leaps 89% on strong pre-sales

Sales led by positive market sentiment in first and second-tier Chinese cities

Published Thu, Aug 11, 2016 · 09:50 PM

Singapore

HIGH-END Chinese property developer Yanlord Land Group reported a 89 per cent jump in net profit for the second quarter ended June 30 to 323.95 million yuan (S$65.5 million).

Group revenue trebled to 7.4 billion yuan from 2.34 billion yuan, thanks to a significant increase in handover of homes by gross floor area (GFA) and higher average selling prices.