The company explains that the lower bottomline was partly because it booked lower fair value gains of RMB811.5 million for 2HFY2020, versus RMB1.09 billion booked for 2HFY2019.
Yanlord Land Group has reported 2HFY2020 earnings of RMB2.1 billion, down 3% y-o-y. Revenue in the same period was up 35% y-o-y to RMB14.8 billion.
For the whole of FY2020, the China-based developer recorded earnings of RMB2.6 billion, down 23%. Revenue was up 28% to RMB23.9 billion.
