Revenue in FY18 declined to RMB 24.9 billion from RMB 25.6 billion in FY17 mainly due to the lower Average Selling Prices (ASP) per sqm achieved in FY18 which was partly offset by the 13.6% increase in GFA delivered in FY18 compared to FY17.
SINGAPORE (Feb 27): Yanlord Land the developer of luxury residential apartments in selected Chinese cities, reported FY18 earnings grew 10.2% to RMB 3.5 billion ($715 million) from a year ago.
This came on the back of 51% higher other operating income and other gains of RMB 714.6 million as well as a 164% rise in fair value gain on investment properties of RMB 391.4 million..
