KUALA LUMPUR: UOA Development Bhd
’s net profit for its second quarter ended June 30, 2021 more than doubled to RM54.35mil from RM23.18mil in the previous corresponding period, on the back of higher recognition of ongoing development projects.
In a filing with Bursa Malaysia yesterday, the group said revenue rose 53.5% to RM216.28mil from RM140.88mil in the same quarter last year.
“The group’s revenue and profit attributable to the company for the quarter under review were mainly derived from the progressive recognition of the group’s on-going development projects namely Sentul Point Suite Apartments, Goodwood Residence, South Link Lifestyle Apartments and Aster Green Residence.
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