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NewsUEM Land 6-month profit rises to RM132m
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UEM Land 6-month profit rises to RM132m
by hlk Thu 25 Aug 2011, 17:31
Property developer, UEM Land Holdings Bhd's pre-tax profit for six months ended June 30, 2011, rose to RM132.348 million from the RM45.23 million registered for the same period previously.
The group also recorded a higher revenue of RM697 million from the RM127.7 million previously, arising mainly from higher direct development projects and developed land sales, compared to the immediate preceding quarter, it said in a filing to Bursa Malaysia.
UEM also said that there were higher developed land sales of RM122.1 million, mainly from strong sales performance for the Southern Industrial & Logistics Clusters, due to high demand for industrial land arising from relocation of Singapore factories to Nusajaya. -- Bernama
The group also recorded a higher revenue of RM697 million from the RM127.7 million previously, arising mainly from higher direct development projects and developed land sales, compared to the immediate preceding quarter, it said in a filing to Bursa Malaysia.
UEM also said that there were higher developed land sales of RM122.1 million, mainly from strong sales performance for the Southern Industrial & Logistics Clusters, due to high demand for industrial land arising from relocation of Singapore factories to Nusajaya. -- Bernama
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