Sunland Back in the Black
Following a tough 2008/09 financial year, which saw Sunland announce their first annual loss at $145m, the last 12 months have seen the local developer recover, posting an $18.3m profit for the last financial year.
Rather than pay a dividend to shareholders, the company is looking to the long-term and has elected to continue buying back shares, with plans to purchase another 20% of its own stock in the near future.
Tags: Facts & Stats, gold coast, news, property, real estate, Sunland
