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GuocoLand posts Q3 net gain of $21.5m, reversing loss of $13.3m

Published on Apr 25, 2014 9:05 PM

SINGAPORE - GuocoLand continued its profitable run, with a third quarter net profit of $21.5 million.

This contrasted the $13.3 million loss it chalked up in the same period last year.

Revenue for the three months to March 31 nearly trebled to $270.2 million, up from $92.4 million previously.

This was mainly attributed to higher recognition for Goodwood Residence and Sophia Residence in Singapore and Seasons Park in Tianjin, China.

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