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UOL logs 3% dip in profit to $785.8m

It will be 'much more selective and niche' in its land banking


UOL Group posted a 3 per cent fall in net profit to $785.8 million for the financial year ended Dec 31 as weaker sales of residential units offset stronger hotel revenue and higher rental income from offices and shopping malls.

The group revenue for fiscal 2013 slipped 8...

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