Brighter times ahead for UEM Sunrise

TheStar Fri, Mar 26, 2021 10:10am - 3 years View Original


Public Invest noted that UEM Sunrise has RM1.9bil in unbilled sales and a net gearing of 0.40 times, with a cash balance of RM1.3bil.

PETALING JAYA: UEM Sunrise Bhd could see a rebound in earnings based on several factors as the country moves forward from the pandemic.

These expectations are based on strong unbilled sales, a sound balance sheet and an improving economic climate.

The property development company reported a net loss of RM137.4mil in its fourth quarter, mainly due to a provision for impairments.

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