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UIC net profit up 47% in Q2 on fair value gains

Excluding fair value effects, earnings were down 24% at S$58.6m

Singapore

PROPERTY group United Industrial Corp (UIC) has posted a net profit of S$108.5 million in the second quarter, up 47 per cent from the same period last year, lifted by fair value gains.

In the three months that ended June 30, UIC booked a $49.8 million million fair value...

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