GuocoLand posts 12% YoY higher profit of $66.2m in 1H24

The higher profit boosted the company’s earnings per share by 15% YoY.

GuocoLand saw its profit attributable to equity holders increase by 12% YoY to $66.2m in the first half of the financial year 2024 (1H24).

In the same period, GuocoLand recorded a 42% YoY higher operating profit of $93.1m.

The company attributed the increase in its profit to its higher revenue and positive contributions from associates and joint ventures.

In 1H24, GuocoLand’s revenue rose 61% YoY to $1.1b.

With higher profit, GuocoLand’s basic earnings per share also rose 15% YoY to $0.0513.