GuocoLand

[winston]

not vested

GuocoLand reports 42% drop in Q4 profit to SGD141.2m, on lower unsold stock

GuocoLand saw a slump in both the top and bottom line in the fourth quarter, with the group's stock of unsold residential units down.

Net profit for the three months to June 30 fell by 42% YoY to SGD141.2m.

The decline tracked a 52% slide in turnover, to SGD197m, as sales in previous quarters reduced the group's inventory and led to lower revenue recognised for residential projects.

Other income decreased by 44% to SGD147.2m, largely on a lower fair-value gain from the mixed-use Tanjong Pagar Centre's Guoco Tower.

Full-year net profit rose by 7 % to SGD381.3m, on a 4% increase in revenue to SGD1.16bn, with earnings boosted by contributions from the joint-venture Changfeng Residence project in Shanghai.

Source: The Business Times, 26 Aug 2018

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GuocoLand FY19 earnings fall 38% to $256 mil on lower sales and share of profit of associates
https://www.theedgesingapore.com/capita ... associates

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GuocoLand's 2Q earnings treble to $32.4 mil as revenue doubles on higher sales activities
https://www.theedgesingapore.com/capita ... activities

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[Update] GuocoLand reports revenue increase of 2% y-o-y to $941.8 mil
https://www.edgeprop.sg/property-news/g ... y-9418-mil

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Guocoland earnings for 1H21 drop 69% to $22.9 mil on higher tax expense and lower revenue
https://www.theedgesingapore.com/capita ... er-revenue

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GuocoLand records 48% growth in FY2021 earnings to $169.1 mil
https://www.theedgesingapore.com/capita ... s-1691-mil

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GuocoLand reports nearly three times higher earnings of $67.5 mil in 1HFY2021/2022
https://www.theedgesingapore.com/capita ... fy20212022


GuocoLand's JV tender for Lentor Hills Road land parcel accepted at bid price of $586.6 mil
https://www.theedgesingapore.com/news/p ... e-5866-mil

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The earnings surge for the FY2022 was mainly due to the 155% y-o-y increase in other income of $354.6 million, which stemmed from the higher value gain from the group’s investment properties, Guoco Tower and Guoco Midtown.


GuocoLand sees FY2022 earnings more than double to $392.7 mil on higher net fair value gain
https://www.theedgesingapore.com/capita ... value-gain

[behappyalways]

GuocoLand reports 1HFY2023 earnings of $59 million
https://www.theedgesingapore.com/capita ... 59-million

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Guoco Midtown's office tower achieves TOP with 80% pre-commitment take-up
https://www.theedgesingapore.com/news/p ... tment-take