Genesis Land Dev (TSE:GDC) has released an update.
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.
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