Commenting on the financial results, Anwar Syahrin Abdul Ajib, managing director/chief executive officer of UEM Sunrise said: “We are pleased with our results having improved our revenue by 42% to RM2.9bil, largely supported by the strong settlement of Aurora Melbourne Central which accounted for RM1.3bil of the total revenue, and a settlement rate of 97% to-date.
KUALA LUMPUR: UEM Sunrise Bhd
revenue rose by 42% to RM2.91bil in the financial year ended Dec 31,2019 from RM2.04bil a year ago, boosted by property development following the completion of its Melbourne projects.
It said on Monday that 81% of the FY19 revenue was from the completion and settlement of the Aurora Melbourne Central and Conservatory.
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