UOA Development Bhd announced its financial results for the second quarter ended 30 June 2023 with revenue for the quarter under review at RM98.1 million compared to RM121.1 million in the corresponding quarter, bringing the year-to-year revenue to a total of RM183.3 million compared to RM175.7 million in the preceding year.
The group recorded a profit after tax after minority interests for the quarter under review of RM63.9 million compared to RM45.3 million in the same period of the preceding year. The 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 30 June 2023 were at approximately RM303.0 million which were mainly derived from The Goodwood Residence, Aster Hill, Laurel Residence, and United Point Residence. The total unbilled sales as at 30 June 2023 amounted to approximately RM285.2 million.
