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UOL Q3 net profit slips 7% to S$80m on lower earnings from development
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Published Tue, Nov 12, 2019 · 09:50 PM
Singapore
UOL Group, which posted lower third-quarter net earnings, said the "Singapore residential market has shown signs of improvement with strong underlying demand".
The group's net profit slipped 7 per cent to S$80 million for the third quarter ended Sept 30 from S$85.7 million in Q3 FY2018, due mainly to lower profit from property development, it said on Tuesday.
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