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. has experienced a significant boost in its first quarter of 2024, with revenues more than doubling to $68.3 million and net earnings soaring to $7.0 million, compared to just $0.2 million in the same period last year. The company also reported a 98% increase in residential lot sales and a 42% increase in home sales, alongside declaring a special dividend of $0.095 per share, showcasing a strong financial position with $39.2 million in cash on hand.
For further insights into TSE:GDC stock, check out TipRanks’ Stock Analysis page.