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GuocoLand Q3 profit up on higher sales, progressive revenue recognition

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


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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