KUALA LUMPUR, Nov 21 — UOA Development Bhd’s pre-tax profit for the third quarter (Q3) ended Sept 30, 2017 rose to RM141.48 million from RM138.87 million in the corresponding quarter a year ago.
Revenue increased to RM261.63 million from RM229.57 million previously, it said in a filing to Bursa Malaysia today.
It said the group’s revenue and profit were mainly derived from the progressive recognition of its on-going development projects, namely Southbank Residence, United Point Residence, Danau Kota Suite Apartments and Sentul Point Suite Apartments, and the sales of completed units at Desa Green Serviced Apartments and The Vertical Office Suites.
“The total unbilled sales as at Sept 30, 2017 amounted to approximately RM1.41 billion,” said UOA Development,” it said.
On outlook, UOA said, it would maintain its focus on development in Greater Kuala Lumpur and continue to source for opportune development land acquisition at strategic locations. — Bernama
