06:17 AM EST, 03/07/2024 (MT Newswires) -- Genesis Land Development Corp. ( GNLAF ) overnight Wednesday reported fourth-quarter earnings of $8.1 million, or $0.15 per share, up from $3.1 million, or $0.05 per share, a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was $71.6 million, up from $54.2 million a year earlier.

For land development, the total residential lots sold in Q4 were 95 units versus 106 units sold a year earlier. Under home building, the company said it sold 86 homes, up from 57 units sold a year earlier.

In YE 2023, Genesis sold 305 residential lots, up 29% from 236 lots sold in YE 2022. In YE 2023, Genesis sold 286 homes, an increase of 69% from the 169 sold in YE 2022.