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UIC Q3 net profit rises 9% to S$65.3m

Group expects CBD office demand to remain 'subdued and steady'

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ARTIST'S IMPRESSION: UIC's V on Shenton will be a twin-tower development comprising a 23-storey office building and a 54-storey residential tower. The mixed development is due for completion in 2017.

Singapore

UNITED Industrial Corporation (UIC) has posted a net profit of S$65.28 million for the third quarter ended Sept 30, 2015, up 9 per cent from the same quarter last year.

Revenue increased 6 per cent to S$189.35 million on the back of a 25 per cent expansion in trading

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