Genesis Land Dev (TSE:GDC) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Genesis Land Development Corp. reported a significant increase in revenue and net earnings for the third quarter of 2024, with revenues reaching $93.1 million and net earnings at $12.0 million. The company saw a remarkable rise in the sale of residential lots and homes, reflecting strong market demand in the Calgary Metropolitan Area. Additionally, Genesis declared a special dividend of $0.10 per share to reward its shareholders.
For further insights into TSE:GDC stock, check out TipRanks’ Stock Analysis page.