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UIC Q1 net profit rises 1% to S$60.24m

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Published Fri, Apr 27, 2018 · 09:50 PM

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UIC

Singapore

UNITED Industrial Corporation (UIC) reported a net profit of S$60.24 million for the first quarter ended March 31, which represented a 1 per cent improvement from a year ago.

This was despite a 37 per cent drop in revenue to S$165.65 million due to lower sales recognition from trading properties.

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