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Sinarmas Land 1Q earnings more than double to $37.2 mil

Jude Chan
Jude Chan5/15/2017 5:36 PM GMT+08  • 2 min read
Sinarmas Land 1Q earnings more than double to $37.2 mil
SINGAPORE (May 15): Sinarmas Land saw earnings in the first quarter ended March more than double to $37.2 million, compared to $15.7 million a year ago.
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SINGAPORE (May 15): Sinarmas Land saw earnings in the first quarter ended March more than double to $37.2 million, compared to $15.7 million a year ago.

The increase was on the back of higher revenue from its Indonesia division and better operating performance from higher sales of residential units in its joint venture developments.

Group revenue in 1Q17 grew 31.8% to $237.1 million, from $179.9 million in the corresponding quarter last year.

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