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Higher development, investment income boost UOL's Q2
Net profit rose 21% to S$132.7m; revenue up 59% due mainly to consolidation of UIC group
Add BT as a preferred sourcePublished Fri, Aug 3, 2018 · 09:50 PM
Singapore
HIGHER profit from property development and property investment, as well as higher dividend income received and recognition of higher fair value gains on investment properties, gave a fillip to results for UOL in its second quarter.
Net profit rose 21 per cent to S$132.7 million from the previous year. For the three months ended June 30, revenue surged 59 per cent to S$635.4 million from the preceding year.
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