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Yanlord 9M18 earnings overtakes FY17

Chan Chao Peh
Chan Chao Peh11/13/2018 10:06 PM GMT+08  • 2 min read
Yanlord 9M18 earnings overtakes FY17
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.
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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.

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