Yanlord Land profit down 23.9%

Net profit attributable to shareholders in FY 2011 dropped to RMB1.482b.

Yanlord Land said that its project delivery was concentrated in the delivery of higher average cost of sales per sqm developments such as Yanlord Townhouse in Shanghai and Yanlord G53 Apartments in Nanjing.

“In line with the changes in the delivered product mix, gross profit margin of the Group declined from 54.6% in FY 2010 to 33.6% in FY 2011 which translated to a lower net profit attributable to shareholders in FY 2011 of RMB1.482 billion,” said Yanlord.

Meanwhile revenue surged 389.3% or RMB3.724 billion to RMB4.681 billion in 4Q 2011 as compared to 4Q 2010. Reasons cited were the considerable increase in GFA delivered as well as the higher average selling price per sqm of RMB33,583 achieved in the fourth quarter.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia