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Sinarmas Land posts 63% fall in 3Q earnings to $17.4 mil on absence of one-off gain

PC Lee
PC Lee11/15/2016 07:24 AM GMT+08  • 1 min read
Sinarmas Land posts 63% fall in 3Q earnings to $17.4 mil on absence of one-off gain
SINGAPORE (Nov 15): Developer Sinarmas Land posted a 62.6% fall in 3Q16 earnings to $17.4 million from a year ago due to lower foreign exchange gain of $1.6 million and the absence of the one-off exceptional gain of $30.6 million.
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SINGAPORE (Nov 15): Developer Sinarmas Land posted a 62.6% fall in 3Q16 earnings to $17.4 million from a year ago due to lower foreign exchange gain of $1.6 million and the absence of the one-off exceptional gain of $30.6 million.

Excluding the exceptional gain, 3Q earnings would have decreased 16.4% instead.

9M earnings came in 54.9% lower at $147.3 million as revenue fell 22.7% to $0.55 million.

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