You are here

UIC's Q1 earnings flat at S$59.8m

UNITED Industrial Corp's net profit for the quarter to March was flat at S$59.8 million from S$59.7 million a year ago.

The property developer and investment company chalked up a 31 per cent rise in revenue to S$264.5 million from S$201.3 million largely owing to higher sales recognition from trading properties. This stemmed from higher progressive revenue recognition for its residential projects, particularly from V on Shenton and Alex Residences, it said in an announcement.

Earnings per share came in at 4.2 Singapore cents - unchanged from the year-ago period.

No dividend was recommended for the quarter, same as the previous year.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes