Yanlord Q2 profit leaps 89% on strong pre-sales
Sales led by positive market sentiment in first and second-tier Chinese cities
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Singapore
HIGH-END Chinese property developer Yanlord Land Group reported a 89 per cent jump in net profit for the second quarter ended June 30 to 323.95 million yuan (S$65.5 million).
Group revenue trebled to 7.4 billion yuan from 2.34 billion yuan, thanks to a significant increase in handover of homes by gross floor area (GFA) and higher average selling prices.
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