Stamford Land has posted earnings of $6.8 million for the 2HFY2021 ended March, bringing earnings for the FY2021 to $8.3 million.

The figures for the 2HFY2021 and FY2021 represent declines of 34.8% and 66.9% from earnings of $10.4 million and $24.9 million posted in the respective periods.

Revenue for the 2HFY2021 stood 26.4% lower y-o-y at $73.7 million due to lower revenue from the group’s hotel owning and management, property investment and trading segments. The lower figure was offset by higher revenue from the property development segment.

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