Gallant: 4Q rev at $62.9m +44.3% yoy, net profit at $11.7m compared to 962k prev yr same quarter. 4Q results included the $19m sale of land announced on 30 Dec 2011 which boosted revenue offset by lower industrial parks rev. FY11 results were boosted by 4Q profits, with FY11 net profit at $8.3m recovering from a 9M loss.
Land inventories increased to $569.7m mainly on capitalization of development in Lagoi Bay.
Co now trades at P/B 0.6x
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