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GuocoLand's 4Q earnings fall 42% to $141 mil on lower revenue & other income

By Michelle Zhu

/ The Edge Singapore |

August 27, 2018 10:48 AM SGT

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SINGAPORE (Aug 27): GuocoLand announced earnings of $141.2 million for the 4Q ended June, down 42% from $244.8 million a year ago on lower revenue and other income.

This brings the property developer’s earnings for FY18 to $381.3 million, which is 7% higher than the $357.2 million posted in FY17.

The group has recommended a final dividend of 7 cents per share for FY18, unchanged from a year ago.

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