(February 09 13:58) Sbr.com.sg
Uploaded By:
Paul Howell
Submitted By:
Staff Reporter
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Gross profit margin remains stable at about 30%.
Singapore Exchange-listed real estate developer GuocoLand recorded $319.6m in revenue in H1 2021, significantly lower than the $572.1m figure posted a year before, the company announced.
The drop was primarily driven by lower progressive recognition of sales from Singapore residential projects, GuocoLand said.
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