Yanlord Q4 net profit rises over 7 times to 2.1b yuan
Source: https://www.businesstimes.com.sg/companies-markets/yanlord-q4-net-profit-rises-over-7-times-to-21b-yuan
Yanlord Land Group, the joint developer of Leedon Green, report a surge in net profit for the 4th quarter that ended on 31st Dec 2019 to 2.1 billion yuan, which translate to S$417 million. This is more than 8 times the 256.9 million yuan reported in end December 2018.
The surge in profit mainly is due to recognized revenue, which was driven by delivery of completed home to customers.
As a financially sound developer who is constantly adding value to clients with high end finishing, the quality of Leedon Green condo will definitely be above expectation. Leedon Green Pricing starts from $1.3xm, for a 474 sq ft one-bedroom unit.
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