Business

UOA Development net profit goes up 211% to RM346mil

UOA says development projects such as Le Yuan Residence in Happy Garden have contributed to the strong sales of the group.

PETALING JAYA: UOA Development Bhd’s net profit for the fourth quarter ended Dec 31, 2016 rose by some 211% to RM345.98mil due to fair value gains recognised on investment properties.

Revenue for the quarter however almost halved to RM270.64mil from RM511.6mil.

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Business , UOA Development , property , results

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