UIC chalks up 8% rise in net while SingLand profit slips 13% for Q3

SIngapore

REVENUE fell at both United Industrial Corporation (UIC) and its subsidiary Singapore Land (SingLand) in the third quarter, but the parent company was able to grow its net profit over the year while earnings dipped at SingLand.

For the three months ended Sept 30, 2013, developer and investment company UIC booked a net profit attributable to equity-holders of $43.4 million, up 8 per cent over the $40.2 million from a year ago.