A 57 per cent increase in settlements across its residential land business boosted revenue at Devine Limited.
But the long-embattled developer still recorded its fourth successive full-year loss after booking a $41.9 million writedown across its land holdings and development projects.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
