Yanlord Q3 profit up 11%

YANLORD Land Group's third-quarter net profit increased 11 per cent year on year to 627.52 million yuan (S$128.7 million), thanks in part to lower cost of sales and higher share of profits of joint ventures.

Revenue fell 32 per cent to 3.76 billion yuan "as a result of the decrease in gross floor area delivered to customers in Q3 2017 over the same period last year", it said.

Earnings per share rose from 28.97 fen to 32.41 fen.