UOL's Q3 earnings up 6% at $93.5m

Singapore

THANKS mainly to higher profit margins and a higher share of profits from joint-venture companies, UOL Group's third-quarter net profit rose 6 per cent to $93.5 million, from $87.8 million a year earlier.

The property and hospitality group's revenue for the July-September quarter slipped 6 per cent, however, to $261.8 million. The fall stemmed mainly from property developments as construction of various projects (including Double Bay Residences and Waterbank at Dakota in Singapore) was completed in 2012 or early 2013.