GuocoLand has announced that its earnings for FY2021 ended June came in 48% higher at $169.1 million, compared to $114.1 million in FY2020, thanks to the group's efforts to cut overall expenses and costs. 

Revenue for the period was 9% lower at $853.7 million from $934.8 million a year ago, mainly due to lower progressive recognition of sales from the Singapore residential projects. This was mainly from Martin Modern as its sales and construction reaches its tail end during the financial year. Martin Modern obtained its Temporary Occupation Permit (TOP) in May 2021.

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