Under the deal, UEM Sunrise via its unit Sunrise Bhd would invest RM215mil to acquire a 50% stake in WCT
PETALING JAYA: Property developer UEM Sunrise Bhd
posted a 34.8% decline in net profit to RM54.7mil for its second quarter ended June 30 compared with the previous corresponding quarter due to a couple of one-off gains recorded a year ago.
The drop in earnings was also because of lower margins recognised in the quarter from additional rebates and discounts and more affordable product offerings, said the company in a filing with Bursa Malaysia.
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