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Sinarmas Land posts five-fold increase in 4Q earnings to $238.2 mil

Stanislaus Jude Chan
Stanislaus Jude Chan2/26/2018 07:07 PM GMT+08  • 2 min read
Sinarmas Land posts five-fold increase in 4Q earnings to $238.2 mil
SINGAPORE (Feb 26): Sinarmas Land saw its earnings surge five-fold to $238.2 million for the 4Q ended December, from $46.5 million a year ago.
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SINGAPORE (Feb 26): Sinarmas Land saw its earnings surge five-fold to $238.2 million for the 4Q ended December, from $46.5 million a year ago.

This bring full-year earnings to $356.0 million for FY17, trebling from earnings of $114.9 million a year ago.

The higher earnings in 4Q17 was largely attributable to sale of land parcels and stronger operating performance from its Indonesia division, further boosted by exceptional gain of $109.4 million from the divestment of Orchard Towers by its International division.

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