SINGAPORE (Nov 13): Stronger property sales and better margins have helped Yanlord Land’s earnings for the nine months ended Sept 30 (9M18) has overtaken full-year earnings for the preceding FY17.
For 9M18, Yanlord’s earnings of RMB3.29 billion ($653 million) was 64% higher than RMB2 billion in the preceding period. For the full year 2017, it earned RMB3.21 billion.
For 3Q18, the company recorded earnings of RMB1 billion, up 61.4% y-o-y from RMB627.5 million in the year-earlier quarter. Revenue in the same three months was up 51.7% y-o-y to RMB5.7 billion.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
