UEMS

Quarterly rpt on consolidated results for the financial period ended 31 Mar 2018

Amended Announcements
Please refer to the earlier announcement reference number: FRA-21052018-00056

UEM SUNRISE BERHAD

Financial Year End 31 Dec 2018
Quarter 1 Qtr
Quarterly report for the financial period ended 31 Mar 2018
The figures have not been audited

Attachments

QFR 1Q 2018.pdf
600.1 kB

Press Release 28 May 2018.pdf
542.3 kB


Remarks :
We refer to the Company's announcement dated 22 May 2018 in relation to its financial results for the first quarter ended 31 March 2018.

The Company would like to qualify its statement on its property development sales for the first quarter ended 31 March 2018 as announced on 22 May 2018. The total property development sales for the period was RM354.1 million instead of the announced figures of RM434.3 million. The correction is in relation to its Mayfair development in Melbourne, Australia. The revision was made upon discovery that certain units sold, which was in the previous quarter classified as confirmed reservations and subsequently recognised as sales, was again recorded as new sales when contracted in the current quarter. 

The reduction in the figures does not have an impact on the UEMS Group of companies for the financial year 2018 as the sales of Mayfair will only be recognised as revenue upon the project's completion and settlement planned in 2022. The Company is however pleased to report that its property development sales to-date of RM538.6 million has exceeded the sales figures announced on 22 May 2018.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2018

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2018
31 Mar 2017
31 Mar 2018
31 Mar 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue
287,741
420,335
287,741
420,335
2 Profit/(loss) before tax
29,480
41,063
29,480
41,063
3 Profit/(loss) for the period
25,186
23,885
25,186
23,885
4 Profit/(loss) attributable to ordinary equity holders of the parent
25,287
23,309
25,287
23,309
5 Basic earnings/(loss) per share (Subunit)
0.56
0.51
0.56
0.51
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.5200
1.5200

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence




Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 28 May 2018
Category Financial Results
Reference Number FRA-28052018-00021