Property developer’s increased earnings attributed to higher contribution from various revenue sources including investment income.
UOA Development Bhd’s new property sales reached around RM303 million for the quarter ended June 30, 2023.
This rise was attributed to increased contribution from miscellaneous revenue sources, including investment income, the property developer said in a bourse filing today.For the six-month period ended June 30, net profit hiked 55% to RM109.97 million from RM70.69 million the previous year while revenue rose 4% to RM183.33 million from RM175.69 million.
The company announced an inaugural single-tier dividend of 20 sen per share for the fiscal year ending Dec 31, 2023.
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