Yanlord Land's Q4 net profit drops 16 percent

Chinese property developer Yanlord Land recorded a 16-percent drop in its Q4 net profit to $118.4 million.

The result came on the back of a 48 percent decline in revenue to $214 million, which was largely due to the decrease in gross floor area delivered.

However, the company’s overall net profit for FY2009 rose 44 percent to $325.3 million.

Yanlord is proposing a dividend share of 1.68 cents.