Genesis Land Dev (TSE:GDC) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Genesis Land Development Corp. reported a significant increase in financial performance for the first half of 2024, with revenues jumping to $163.3 million from the previous year’s $90.5 million, and net earnings reaching $15.0 million, a substantial rise from $4.3 million in the same period last year. The company also expanded its land inventory by acquiring 894 acres in southeast Calgary and increased both home and lot sales, indicating a robust growth trajectory.
For further insights into TSE:GDC stock, check out TipRanks’ Stock Analysis page.