reports

GuocoLand reports 60% rise in revenue for FY2023, but 44% fall in net profit

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GuocoLand reports 60% rise in revenue for FY2023, but 44% fall in net profit

GuocoLand, the renowned property developer, has recently announced a remarkable 60% surge in revenue for the fiscal year 2023. However, despite the impressive growth, there has been a concerning 44% decrease in net profit. This raises questions about the company’s overall financial performance and potential challenges ahead.

CDL reports 1HFY2023 earnings of $66.5 mil, down 94.1% y-o-y from absence of substantial divestment gains

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CDL reports 1HFY2023 earnings of $66.5 mil, down 94.1% y-o-y from absence of substantial divestment gains

CDL, the renowned property developer, has recently announced its 1HFY2023 earnings of $66.5 million. Sadly, this figure reflects a drastic 94.1% decline compared to the previous year, primarily due to the absence of significant gains from divestment. This news highlights the challenging circumstances faced by the company during the stated period.