GuocoLand has posted a net profit of $21.5 million for the 3Q ended March. This reverses the $13.3 million loss it posted in the same period last year.
Revenue nearly tripled to $270.2 million, up from $92.4 million previously.
This was mainly attributed to higher recognition of sales revenue for Goodwood Residence and Sophia Residence in Singapore and Seasons Park in Tianjin, China.
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