The higher revenue came from an 81% y-o-y surge in revenue from the group’s property development segment on higher progressive recognition of revenue from Avenue South Residence, The Tre Ver and Clavon.
UOL Group Limited has posted earnings of $91.3 million for the 1HFY2021 ended June, reversing from the losses of $82.1 million reported in the 1HFY2020.
The reversal is attributable to higher revenue of $1.19 billion, which is up 31% y-o-y.
