Sunland Group: Result 2012

A difficult residential property market impacted this year’s result, but the aggressive buyback boosted NTA.

Lower prices and fewer sales conspired to reduce Sunland Group’s full year result. Revenue fell 18% to $211m, while profit slumped 32% to $14.5m. Earnings per share fared a tad better due to the company’s vast buyback program. Like last year no dividend was declared.


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