Yanlord's Attributable Loss Widens in H2 2024; Shares Down 5%

MT Newswires

2025/02/28

Yanlord Land's (SGX:Z25) attributable loss to owners widened by 45% during the second half of 2024 to 2.94 billion yuan from 2.03 billion yuan a year earlier, according to a filing with the Singapore Exchange on Thursday.

Loss per share widened to 1.5203 yuan compared with 1.0504 yuan in the comparable period.

Revenue declined 42% year over year to 16.44 billion yuan from 28.59 billion yuan, due to a decrease in the average selling price per square meter.

Shares of the real estate developer were down nearly 5% in recent trading.

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