Yanlord’s profit plummeted 92% in Q3

The group only earned $9.5m.

Mainboard-listed property developer Yanlord recorded a 92% drop in its profit for the third quarter, reporting a net profit for the quarter of $9.5m (RMB 45m), down from $119m (RMB 566m) in the same period last year.

Yanlord’s revenue also plunged 72% to $206m (RMB 977m), on the back of lower average selling price per square metre as compared to the corresponding period last year due to the change in composition of its product mix.

The group said that its lower GFA delivery in 3Q 2014 was in-line withits lower projected delivery schedule for the quarter, and also partly attributable to the tighter credit environment in the PRC and consequently slower disbursement of mortgage loans to its customers.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

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