(February 27 10:23) Sbr.com.sg
Submitted By:
Nathanielle Punay
Case Study:
No
Pre-tax profit decline was blamed on decrease in gross profit and increase in finance cost.
Yanlord Land Group (Yanlord) saw its net attributable profit dip 5% YoY to $664.88m (RMB3.35b) in FY2019 from $702.64m (RMB3.54b) in 2018, an SGX filing revealed. Similarly, revenue crashed 25% YoY to $3.72b (RMB18.67b) from $4.96b (RMB24.89b) over the same period.
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