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UIC posts 5% rise in FY17 earnings to $301 mil on higher sales and share of JV results

Michelle Zhu
Michelle Zhu2/23/2018 05:57 PM GMT+08  • 2 min read
UIC posts 5% rise in FY17 earnings to $301 mil on higher sales and share of JV results
SINGAPORE (Feb 23): United Industrial Corporation (UIC) reported earnings of $301 million for FY17, up 5% from $286 million in FY16 on higher revenue and share of joint ventures’ results.
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SINGAPORE (Feb 23): United Industrial Corporation (UIC) reported earnings of $301 million for FY17, up 5% from $286 million in FY16 on higher revenue and share of joint ventures’ results.

Revenue for the full FY17 grew 25% to $1.3 billion from a year ago, mainly attributable to higher revenue contributions from the group’s property trading segment due to higher sales in Alex Residences and Pollen & Bleu.

Meanwhile, revenue from technology and hotel operations grew 12% and 2% respectively, while revenue from property investments fell by 1% compared to FY16.

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