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UOL Q3 profit up 600% on UIC deal

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The S$82.3 million fair value uplift to development properties relates to The Clement Canopy condo project (above) in Singapore and the Park Eleven project in Shanghai.

Singapore

UOL Group posted a 609 per cent jump in net profit to S$618.1 million for the third quarter ended Sept 30, 2017, on the back of a S$542.1 million gain on acquisition and consolidation arising from accounting for United Industrial Corporation (UIC) as a subsidiary.

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