Yanlord Land (SGX:Z25) swung to a loss attributable to owners of 486.0 million yuan in H1 from an attributable profit of 1.10 billion yuan a year ago, a filing with the Singapore Exchange said on Wednesday.
Loss per share came in at 0.2516 yuan per share, compared with earnings per share of 0.5670 yuan per share in the comparable period.
Revenue was up 35% year over year to 19.95 billion yuan from 14.81 billion yuan, due to an increase in average selling price per square meter and delivery of several projects.
Yanlord Land shares were up 1% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments