UOA Development Bhd today announced its financial results for the fourth quarter ended 31 December 2021.
UOA registered a revenue of RM136.4 million in the quarter ended 31 December 2021, compared to RM194.1 million in the corresponding quarter of the preceding year, bringing the year-to-date revenue to a total of RM547.5 million.
Profit after tax after minority interests (“PATAMI”) for the quarter under review was at RM98.9 million. The year-to-date PATAMI was at RM222.4 million compared to RM391.3 million in the preceding year.
The revenue and PATAMI were attributed mainly from the progressive recognition of the on-going development projects, namely The Goodwood Residence and Aster Green Residence, and sale of inventories, mainly United Point Residence and Sentul Point Suite
Apartments, also contributed to the revenue for the quarter under review.
New property sales for the period ended 31 December 2021 was at approximately RM341.2 million which was attributable mainly to sale of The Goodwood Residence, Sentul Point Suite Apartments, United Point Residence and Aster Green Residence. The total unbilled sales stood at approximately RM92.5 million as at 31 December 2021.
