UOA Development Bhd posted a lower pre-tax profit of RM111.17 million in its third quarter ended September 30, 2013 from RM119.32 million a year earlier.
Revenue fell to RM215.98 million in the quarter from RM282.34 million in the same period last year, while earnings per share stood at 5.83 sen versus 6.78 sen previously, UOA said in a filing to Bursa Malaysia today.
While there were no new launches in the third quarter of 2013, group sales continued to improve, bringing total new sales for the nine months ended September 30, 2013 to RM1.57 billion.
Among its ongoing projects are The Vertical Office Suites in Bangsar South, Desa Green in Taman Desa and Scenaria@North Kiara Hills.
Its completed projects are Binjai 8 in Kuala Lumpur City Centre and The Horizon in Bangsar South.
Meanwhile in a separate statement, UOA said net profit for the nine months period increased about 19 per cent to RM274.3 million from the same period last year.
Revenue for the period rose 42 per cent to RM893.5 million.
"UOA will capitalise on its strong balance sheet and continue to seek opportune development land, while maintaining a focus on strategic locations within the Greater Kuala Lumpur," it said
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