SINGAPORE (Nov 2): Property group UIC reported 3Q earnings from operations for the quarter recorded $59.3 million, a decrease of 36% over the same period last year, in line with lower sales.
Revenue for 3Q came in at $151.9 million, which was lower than the same period last year by 63% mainly due to lower sales recognition from trading properties.
Revenue recognised from the sales of trading properties at $11.7 million was lower by 96% as the group's development projects were completed and substantially sold in 2017.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)