The company reported a lower revenue of $1.01 billion for the 1HFY2025 period, 5% lower y-o-y due to the timing of the progressive revenue recognition from the property development business in Singapore, and lower sales from China.
GuocoLand Limited (GuocoLand) has reported a 13% increase in earnings for the 1HFY2025 ended Dec 31, 2024, of $74.6 million.
The property giant says that this is due to construction progress of the substantially sold development properties in Singapore and higher contributions from investment properties.
