Genesis Land Dev (TSE:GDC) has released an update.
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Genesis Land Development Corp. reported a successful financial year for 2023, with revenues climbing to $203.3 million, a significant increase from $140.4 million the previous year. The company continued its 23-year streak of positive net earnings, boasting $14.5 million in 2023, and witnessed substantial growth in lot and home sales. Genesis also expanded its land holdings with a new acquisition and sold a stake in its Lewiston Lands Limited Partnership, demonstrating strategic growth and shareholder value enhancement.
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