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UIC hit by sharp drop in fair value gains
FY15 revenue up 16% at S$807.2m but earnings fall 35% to S$260.6m
Published Fri, Feb 19, 2016 · 09:50 PM
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Singapore
UNITED Industrial Corporation's (UIC) full-year net profit fell 35 per cent to S$260.55 million on the back of a huge decrease in fair value gain on investment properties.
Based on assessments by professional valuers as at Dec 31, 2015, on investment properties held by subsidiary companies, a fair value gain of …
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