Yanlord Q2 profit leaps 89% on strong pre-sales
Sales led by positive market sentiment in first and second-tier Chinese cities
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
