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United Industrial Corporation (UIC) has posted 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 higher trading property sales.
Earnings per share rose to 4.6 cents from 4.3 cents. Net asset value per share stood at S$4.19 as at Sept 30, 2015, up from S$4.09 as at Dec 31, 2014.
"CBD office demand is expected to remain subdued and steady," UIC said in its results statement, released after the close of trading.
The counter ended 3 cents lower on Friday at S$3.08.