BUSINESS

UOA DEVELOPMENT Q3 NET PROFIT JUMPS 190.2 PER CENT TO RM96.19 MLN

29/11/2022 02:59 PM

KUALA LUMPUR, Nov 29 (Bernama) -- UOA Development Bhd’s net profit jumped 190.2 per cent to RM96.19 million in the third quarter ended Sept 30, 2022 (Q3 2022) from RM33.15 million in the same period last year.

In a filing with Bursa Malaysia today, the property developer said its revenue also increased to RM163.44 million from RM54.58 million previously.

It said the group’s revenue and profit for the quarter under review were mainly derived from the progressive recognition of the group’s ongoing development project namely Laurel Residence, and the sales of stocks mainly from The Goodwood Residence, Aster Green Residence and United Point Residence.

New property sales for the period ended Sept 30, 2022 was approximately RM480.1 million, mainly derived from Laurel Residence, The Goodwood Residence and United Point Residence.

Meanwhile the total unbilled sales as at Sept 30, 2022 amounted to approximately RM181.1 million.

The group will continue to explore strategic development lands that meet the objectives of the group, it added.

-- BERNAMA

 


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy