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UIC ends 2Q with 33% lower earnings of $75 mil

Samantha Chiew
Samantha Chiew7/28/2017 6:18 PM GMT+08  • 2 min read
UIC ends 2Q with 33% lower earnings of $75 mil
SINGAPORE (July 28): United Industrial Corporation (UIC), the property group, reported a 33% fall in 2Q earnings to $74.7 million from $111.9 million a year ago.
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SINGAPORE (July 28): United Industrial Corporation (UIC), the property group, reported a 33% fall in 2Q earnings to $74.7 million from $111.9 million a year ago.

Revenue for the 2Q ended June rose 53% to $361.9 million from $236.5 million mainly due to higher sales recognition from trading properties.

Revenue recognised from the sales of trading properties more than doubled to $231.5 million to $127.5 million, primarily due to higher sales in Pollen & Bleu and progressive sales recognition for V on Shenton.

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