UOA Development’s Q3 net profit eases sharply by 84.1pc to RM33.15m

uoa developments q3 net profit eases sharply by 84 1pc to rm33 15m

Sumary of UOA Development’s Q3 net profit eases sharply by 84.1pc to RM33.15m:

  • Revenue declined 59.4 per cent to RM54.58 million from RM134.34 million due to lower sales from existing projects, UOA Development said in a filing with Bursa Malaysia today.
  • — Bernama pic KUALA LUMPUR, Nov 26 — UOA Development Bhd posted a sharply lower net profit of RM33.15 million in the third quarter ended September 30, 2021, from RM208.93 million in the same period last year.
  • The property investment and development group attributed its lower profit due to higher progressive recognition and RM114 million fair value adjustment on investment properties with the revaluation of UOA Corporate Tower in the preceding year.

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