UEM Sunrise posts RM20.7mil net profit in Q2

UEM Sunrise chief executive officer Sufian Abdullah

KUALA LUMPUR: UEM Sunrise Bhd has posted a net profit of RM20.7mil in the second quarter ended June 30 (2Q) compared with a net loss of 7.37mil a year ago.

The developers’ revenue for the quarter was 47% higher to RM365mil from RM249.14mil mainly due to the sale of non-strategic lands Mersing and Iskandar Puteri.

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