Revenue recognised from the sales of trading properties at $20.8 million was lower by 84% as the group's development projects were completed by October 2017 and substantially sold in 2017.
SINGAPORE (Apr 27): UIC, the property group 49.8% owned by UOL, reported a 1% rise first quarter earnings to $60.2 million from $59.4 million on lower cost of sales and lower other losses.
Revenue fell 37% to $165.7 million from a restated $264.5 million a year ago mainly due to lower sales recognition from trading properties.
