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Published Thu, Oct 24, 2019 · 09:50 PM

GuocoLand

PROPERTY developer GuocoLand on Thursday posted a 61 per cent increase in net profit to S$42.1 million for its first quarter ended Sept 30, on the back of a 62 per cent surge in revenue to S$272.5 million.

This was mainly due to higher progressive recognition of sales from Martin Modern condominium, it said. Earnings per share rose to 3.36 Singapore cents from 1.93 cents a year ago.

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