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Yanlord reports 15% fall in 1Q earnings to $168 mil

PC Lee
PC Lee5/14/2018 10:30 PM GMT+08  • 2 min read
Yanlord reports 15% fall in 1Q earnings to $168 mil
SINGAPORE (May 14): Yanlord Land, the developer of property in China’s high-growth cities, reported a 15% fall in 1Q earnings to RMB797 million ($168 million) from a year ago.
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SINGAPORE (May 14): Yanlord Land, the developer of property in China’s high-growth cities, reported a 15% fall in 1Q earnings to RMB797 million ($168 million) from a year ago.

Yanlord says this was in line with greater profit recognition from projects with a larger attributable portion for non-controlling interests.

Revenue in 1Q18 rose 14% to RMB7.2 billion from RMB6.3 billion in 1Q17 led by higher average selling price (ASP) during the period.

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