UOA Development Bhd announced its financial results for the fourth quarter with a revenue of RM112.5 million for the quarter ended 31 December 2022 compared to RM136.4 million in the corresponding quarter of the preceding year, bringing
the year-to-date revenue to a total of RM451.7 million compared to RM547.5 million in the preceding year.
Profit after tax after minority interests for the quarter under review was at RM53.1 million. The year-to-date PATAMI was at RM219.9 million compared to RM222.4 million in the preceding year. The revenue and PATAMI were attributed mainly to the progressive recognition of the ongoing development project, namely Laurel Residence. Sale of inventories, mainly, The Goodwood Residence and United Point Residence also contributed to the revenue for the quarter under review.
New property sales for the period ended 31 December 2022 were at approximately RM638.2 million which were mainly derived from Laurel Residence, The Goodwood Residence, and United Point Residence. The total unbilled sales as at 31 December 2022 amounted to approximately RM203.4 million.
The Board of Directors of the Company announced the recommendation of a first and final single-tier dividend of 10 sen per ordinary share in the Company in respect of the financial year ended 31 December 2022.
