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Yanlord reports lower revenue but higher earnings on better margins

The Edge Singapore
The Edge Singapore8/11/2022 09:18 PM GMT+08  • 2 min read
Yanlord reports lower revenue but higher earnings on better margins
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Yanlord Land Group recorded lower revenue of RMB11.34 billion, down 14% y-o-y. However, as the company sold higher-priced projects that fetched better margins, it was able to report higher earnings instead.

For 1HFY2022 ended June, earnings increased by 67.2% to RMB1.38 billion.

Key projects that contributed to the earnings include Yanlord Four Seasons New Gardens in Shenzhen; Riverbay Century Gardens (Phase 1) in Nanjing and Smriti Curtilage in Suzhou.

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