Mainboard-listed Chinese property developer Yanlord Land has booked a 16 per cent drop in fourth quarter net profit to S$118.4 million.
This came on the back of a 48 per cent fall in revenue to S$214 million.
Yanlord said the decline in fourth quarter revenue was due to a decrease in gross floor area delivered.
For all of 2009, net profit rose 44 per cent to S$325.3 million.
Yanlord is proposing a dividend of 1.68 cents per share.
Source : Channel NewsAsia – 25 Feb 2010
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment