Yanlord's profit down 59% to $97.41m in H1

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No They recorded a decline in average selling price per square metre. Yanlord Group saw its profit attributable to shareholders plunge 59% YoY to $97.41m in H1 (RMB492.87m) from $235.18m (RMB1.19b) in H1 2019, an announcement revealed. Revenue jumped 18% YoY to $1.8b (RMB9.12b) from $1.52b (RMB7.71b) over the same period. The revenue growth was thanks to an increase in gross floor area (GFA) delivered to customers, which was partly offset by the decrease in average selling price (ASP) per square metre (sqm) achieved by the group compared to 1H 2019. read more