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Yanlord's 3Q earnings surge 10-fold to $117 mil

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Yanlord's 3Q earnings surge 10-fold to $117 mil

Jude Chan Published on Mon, Nov 14, 2016 / 6:48 PM GMT+8

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SINGAPORE (Nov 14): Yanlord Land Group posted earnings of RMB 564.2 million ($116.7 million) in 3Q16, a 10-fold increase from RMB 55.7 million in the corresponding quarter last year.

Revenue surged 84% to RMB 5.5 billion in the quarter ended Sept, from RMB 3.0 billion in 3Q15.

In a filing to SGX on Monday, Yanlord Land says this was mainly due to significant increases in gross floor area delivered to customers.

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