Genesis Land Dev Reports Robust Growth in 2024
Company Announcements

Genesis Land Dev Reports Robust Growth in 2024

Story Highlights

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.

For further insights into TSE:GDC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskGenesis Land Development Appoints New Senior VP
TipRanks Canadian Auto-Generated NewsdeskGenesis Land Development Announces Key Executive Changes
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App