UEM Sunrise Q3 2016 pre-tax profit rises to RM55.58 million

 UEM Sunrise Q3 2016 pre-tax profit rises to RM55.58 million

KUALA LUMPUR, November 30 — UEM Sunrise Bhd’s pre-tax profit for the third quarter (Q3) ended Sept 30, 2016 rose to RM55.58 million from RM48.1 million in the same period last year.

Revenue increased to RM421.25 million from RM353.06 million previously, it said in a filing to Bursa Malaysia today.

“The higher pre-tax profit is due to lower operating expenses and the higher revenue is mainly due to contributions from the progress made by Residensi 22, Serene Heights and the Australian projects,” it said.

On prospects, UEM said, the outlook for the property industry would remain challenging considering the current negative global macro environment.

 

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