Cost of sales also grew 88% y-o-y to $20.2 million in line with the revenue increase.
Goodland Group has swung back into the black with earnings of $2.3 million for the 2HFY2021 ended September. This compares to the $884,000 loss in the same period the year before.
The reversal from the loss was thanks to the 87% y-o-y surge in revenue to $23.5 million. This was mainly due to the higher revenue generated from sales of landed terrace houses, as well as progressive revenue recognition from its industrial project, Citrine Foodland.
