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Stamford Land reports 33% rise in 1Q earnings to $11.1 mil

Michelle Zhu
Michelle Zhu • 2 min read
Stamford Land reports 33% rise in 1Q earnings to $11.1 mil
SINGAPORE (July 28): Stamford Land Corporation has announced earnings of $11.1 million for 1Q18 ended June, up 33% from $8.3 million in 1Q17 on a surge in 1Q revenue.
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SINGAPORE (July 28): Stamford Land Corporation has announced earnings of $11.1 million for 1Q18 ended June, up 33% from $8.3 million in 1Q17 on a surge in 1Q revenue.

Revenue for the quarter grew 53.1% to $69.9 million from $45.7 million a year ago on a 4.9%.

This came on the back of an increase in contributions from hotel owning & management, which grew to $42.3 million from $40.3 million in the previous year due to a stronger Australian dollar.

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