Yanlord Q4 net profit rises over 7 times to 2.1b yuan
This is mainly due to climb in recognised revenue; group to continue launching new projects in Q1 2020
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Singapore
YANLORD Land Group's net profit for the fourth quarter ended Dec 31, 2019 surged to 2.1 billion yuan (S$417 million), more than eight times the 256.9 million yuan a year ago.
This was mainly due to a climb in recognised revenue, which was driven by a significant increase in gross floor area delivered to customers in line with the group's delivery schedule, the China-based property developer said in a regulatory filing on Wednesday.
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