Brief: Genesis Q1 Revenue Down 12 Percent To C$12.7 Million

Genesis Land Development

03/05/2019 22:25

May 3 (Reuters) - Genesis Land Development Corp  GDC.TO :
    * GENESIS REPORTS 2019 FIRST QUARTER RESULTS
    * Q1 REVENUE FELL 12 PERCENT TO C$12.7 MILLION
    * Q1 OF 2019 INCLUDED 28 NEW HOME ORDERS, AN INCREASE OVER
19 NEW
HOME ORDERS IN Q1 OF 2018
    * OUTSTANDING NEW HOME ORDERS STOOD AT 36 AT MARCH 31, 2019
COMPARED TO 17 AT MARCH 31, 2018
    * OVERALL REVENUES FOR Q1 2019 WERE $12.7 MILLION, DOWN 12%
    * EXPECTS TO HAVE SUFFICIENT LOT INVENTORY TO MEET MARKET
NEEDS

Source text for Eikon:  ID:nCNWjyHLfa 
Further company coverage:  GDC.TO 

 ((Reuters Messaging: Reuters.Briefs@thomsonreuters.com))