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UOL reports trebling of FY17 earnings to $891 mil on UIC consolidation

PC Lee
PC Lee2/27/2018 05:36 PM GMT+08  • 3 min read
UOL reports trebling of FY17 earnings to $891 mil on UIC consolidation
SINGAPORE (Feb 27): UOL Group reported FY17 earnings trebled to $891.0 million from $287.0 million in FY16 after accounting for United Industrial Corporation (UIC) as a subsidiary.
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SINGAPORE (Feb 27): UOL Group reported FY17 earnings trebled to $891.0 million from $287.0 million in FY16 after accounting for United Industrial Corporation (UIC) as a subsidiary.

Attributable profit before fair value and other gains came in at $355.9 million for FY17, up 10% from the year before.

Group revenue was 46% higher at $2.10 billion due mainly to the consolidation of the UIC Group and the associated and joint venture companies of UOL Group and UIC Group with effect from September 2017. This added a combined $544.7 million to UOL’s topline.

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