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GuocoLand's net profit up 48% for FY21 to S$169.1m

 Sharon See
Published Thu, Aug 26, 2021 · 09:50 PM

Singapore

PROPERTY developer GuocoLand has posted a 48 per cent year-on-year increase in net profit to S$169.1 million for the full year ended June, despite a 9 per cent fall in revenue.

Revenue for FY21 was S$853.7 million, down from S$934.8 million a year ago, the mainboard-listed company said in financial statements released on Thursday.

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