Yanlord Land (SGX:Z25) returned to an attributable profit of 379.2 million yuan during the first half of the year, against an attributable loss of 486.0 million yuan a year earlier, according to a Thursday filing with the Singapore Exchange.
Shares of the company were up over 5% in Friday trading.
Earnings per share came in at 0.1963 yuan compared with a loss per share of 0.2516 yuan in the comparable period.
Revenue however, declined 53% year over year to 9.29 billion yuan from 20.0 billion yuan, mainly due to lower gross floor area delivered to customers.