UOL Group Limited has posted earnings of $91.3 million for the 1HFY2021 ended June, reversing from the losses of $82.1 million reported in the 1HFY2020.

The reversal is attributable to higher revenue of $1.19 billion, which is up 31% y-o-y.

The higher revenue came from an 81% y-o-y surge in revenue from the group’s property development segment on higher progressive recognition of revenue from Avenue South Residence, The Tre Ver and Clavon.

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