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Goodland Group swings back into the black in FY17

Samantha Chiew
Samantha Chiew11/29/2017 05:56 PM GMT+08  • 2 min read
Goodland Group swings back into the black in FY17
SINGAPORE (Nov 29): Goodland Group has swung back into the black in FY17, posting earnings of $17.7 million compared to a loss of $3.9 million in FY16.
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SINGAPORE (Nov 29): Goodland Group has swung back into the black in FY17, posting earnings of $17.7 million compared to a loss of $3.9 million in FY16.

This came on the back of an increase in revenue of 34% to $69.8 million from $52.3 million a year ago, mainly due to progressive revenue recognition from the mixed development projects, The Citron and Citron Residences.

Cost of sales rose 31% to $60.4 million compared to $46.2 million last year.

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