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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


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...