UOL Q1 net profit up 4% to S$80.3m
Add BT as a preferred source
Kalpana Rashiwala
DeeperDive is a beta AI feature. Refer to full articles for the facts.
UOL Group (UOL) has posted a 4 per cent increase in group net profit for the first quarter ended March 31, 2017 to S$80.3 million from the preceding year, the group said in a Singapore Exchange filing on Friday evening.
This was due mainly to contributions from ongoing and new property development projects.
Revenue rose 6 per cent to S$350.7 million from the year-ago period on the back of higher progressive recognition from two ongoing Singapore residential projects that were launched in 2015 - Principal Garden and Botanique at Bartley.
Earnings per share rose to 9.98 Singapore cents from 9.68 Singapore cents in the previous year.
Net asset value per share stood at S$10.27 as at March 31, 2017, up from S$10.10 as at Dec 31, 2016.
UOL shares finished at S$7.07 on Friday, down three Singapore cents from Thursday's close.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
