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GuocoLand Q3 profit up on higher sales, progressive revenue recognition

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Tanjong Pagar Centre's office and retail components have achieved healthy commitment levels of approximately 90 per cent.

Singapore

PROPERTY developer GuocoLand Limited posted a net profit of S$29.57 million for its third quarter 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 rose 63 per...

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