Meanwhile, revenue from technology and hotel operations grew 12% and 2% respectively, while revenue from property investments fell by 1% compared to FY16.
SINGAPORE (Feb 23): United Industrial Corporation (UIC) reported earnings of $301 million for FY17, up 5% from $286 million in FY16 on higher revenue and share of joint ventures’ results.
Revenue for the full FY17 grew 25% to $1.3 billion from a year ago, mainly attributable to higher revenue contributions from the group’s property trading segment due to higher sales in Alex Residences and Pollen & Bleu.
