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Yanlord Land 1Q earnings more than triple to $190 mil

Jude Chan
Jude Chan • 2 min read
Yanlord Land 1Q earnings more than triple to $190 mil
SINGAPORE (May 15): China-based real estate developer Yanlord Land Group posted a more than three-fold surge in earnings to RMB 934.1 million ($189.9 million) for the first quarter ended March, from RMB 260.1 million a year ago.
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SINGAPORE (May 15): China-based real estate developer Yanlord Land Group posted a more than three-fold surge in earnings to RMB 934.1 million ($189.9 million) for the first quarter ended March, from RMB 260.1 million a year ago.

Group revenue in 1Q17 increased by 122% to RMB 6.3 billion, from RMB 2.9 billion in the corresponding period last year.

This was mainly attributable to a significant increase in gross floor area delivered to customers during the quarter.

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