UEM Sunrise’s 4Q earnings surge over 6 times

UEM Sunrise’s 4Q earnings surge over 6 times

The Malaysian Reserve-Property·2020-02-25 11:57

The revenue growth is mainly supported by the strong settlement of Aurora Melbourne Central which accounts for RM1.3b of total revenue

UEM Sunrise Bhd stated that gains from divestments of the St Kilda Road property in Melbourne, Australia, boosted earnings by over six times to RM126.25 million in the fourth quarter ended Dec 31, 2019 (4Q19), from RM19.75 million recorded a year ago for the same period.

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