UOA Development Bhd for the first quarter ended registered a revenue of RM85.2 million compared to RM54.6 million in the corresponding quarter of the preceding year. Profit after tax after minority interests for the quarter under review was at RM46.1 million compared to RM25.4 million in the same period of the preceding year.
The group said its revenue and PATAMI were attributed mainly to the progressive recognition of the ongoing development projects, namely Laurel Residence and Aster Hill. The sale of inventories, mainly, from 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 March 2023 were at approximately RM124.1 million which were mainly derived from The Goodwood Residence, Aster Hill and Laurel Residence. The total unbilled sales as at 31 March 2023 amounted to approximately RM226.3 million.
