Developer Crown Group swung back into profit in the 2019 financial year following the completion and settlement of two big apartment projects in Sydney, its latest full-year results show.

Annual accounts filed with the Australian Securities and Investments Commission show Crown, one of Sydney's biggest privately-owned developers, lifted revenue more than eightfold to $469.6 million in the 12 months to June 30 and delivered an after-tax profit of $23.2 million.