GuocoLand Limited Q3 net profit, revenue up

Published Thu, Apr 20, 2017 · 10:47 AM

DEVELOPER GuocoLand Limited posted a net profit of S$29.57 million for its third quarter for the period ended March 31, 2017, up from S$11.31 million a year ago, in part due to movements in foreign exchange and fair value changes on foreign exchange hedges.

Revenue is up 63 per cent to S$271.08 million, contributed by higher sales and progressive revenue recognition from Singapore's residential projects compared to the previous corresponding quarter.

Earnings per share stood at 2.66 Singapore cents, up from 0.80 Singapore cent the previous quarter. No dividend was declared for the quarter.

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Companies & Markets

Companies & Markets

GuocoLand Limited Q3 net profit, revenue up

Companies & Markets

UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration

Deutsche Bank has cut dozens in Asia private banking overhaul

Middle East violence heightens market fears of rate hikes, inflation

Tokyo's Nikkei drops more than 1,000 points, most in 3 years

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

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