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February 07, 2016 11:41 PM ET

Real Estate Management and Development

Company Overview of UOA Development Bhd

Company Overview

UOA Development Bhd, an investment holding company, invests in, develops, constructs, and manages real estate properties primarily in Malaysia. The company operates through Property Development and Construction segments. It develops residential properties, such as condominiums and serviced apartments; and commercial and retail properties with a total land bank of approximately 100 acres. UOA Development Bhd also manages and operates hotels and services appartments, as well as operates as a civil contractor. The company was founded in 1987 and is headquartered in Kuala Lumpur, Malaysia. UOA Development Bhd is a subsidiary of UOA Holdings Sdn Bhd.

Wisma UOA Bangsar South

Tower 1, Avenue 3

The Horizon Bangsar South City

No.8, Jalan Kerinchi

Kuala Lumpur,  59200

Malaysia

Founded in 1987

Phone:

60 3 2245 9188

Fax:

60 3 2245 9128

Key Executives for UOA Development Bhd

UOA Development Bhd does not have any Key Executives recorded.

UOA Development Bhd Key Developments

UOA Development Bhd Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

UOA Development Bhd reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of MYR 492.179 million compared to MYR 349.855 million a year ago. Profit before tax was MYR 227.415 million compared to MYR 159.492 million a year ago. Profit for the period was MYR 170.231 million compared to MYR 122.862 million a year ago. Profit attributable to Owners of the Company was MYR 158.538 million compared to MYR 102.883 million a year ago. Basic earnings per share were 10.52 sen compared to 7.28 sen a year ago. For the nine months, the company reported revenue of MYR 1,131.591 million compared to MYR 744.099 million a year ago. Profit before tax was MYR 456.957 million compared to MYR 331.076 million a year ago. Profit for the period was MYR 344.254 million compared to MYR 259.153 million a year ago. Profit attributable to Owners of the Company was MYR 305.949 million compared to MYR 227.720 million a year ago. Basic earnings per share were 21.01 sen compared to 16.69 sen a year ago. Net cash generated from operating activities were MYR 225.512 million compared to net cash used in operating activities of MYR 65.841 million a year ago. Additions to investment properties were MYR 60.118 million compared to MYR 43.292 million a year ago. Purchase of property, plant and equipment was MYR 7.136 million compared to MYR 15.260 million a year ago. Purchase of land held for property development was MYR 2.773 million compared to MYR 8.698 million a year ago. The higher revenue was achieved based on the progressive recognition from the sales of Desa Green, South View Serviced Apartments, The Vertical Corporate Tower, Scenaria@North Kiara Hills, Southbank Residence, Desa Sentul and the recently completed The Vertical Office Suites.

UOA Development Bhd Appoints Kong Sze Choon as Alternate Executive Director

UOA Development Bhd announced the appointment of Mr. Kong Sze Choon as Alternate Executive Director of the company with effect from August 20, 2015. From 2004 to 2006 he held various positions in several banks in Singapore. He became the Leasing and Marketing Manager of UOA Holdings Sdn Bhd from 2006 to 2008. From 2008 to 2011, he was the Assets Management Manager of UOA Asset Management Sdn Bhd. He is currently the Executive Director and Chief Executive Officer of UOA Asset Management Sdn Bhd, the Manager of UOA Real Estate Investment Trusts, a position he held since 2011.

UOA Development Bhd Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

UOA Development Bhd announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's revenue was MYR 325.7 million compared with MYR 219.3 million a year ago. Profit before tax was MYR 109.2 million compared with MYR 103.4 million a year ago. Profit for the period was MYR 82.1 million compared with MYR 84.3 million a year ago. Profit attributable to owners of the company was MYR 68.9 million or 4.82 sen per basic share compared with MYR 80.2 million or 5.99 sen per basic share a year ago. The Group’s revenue and profit attributable to the company for the quarter under review were mainly derived from the progressive recognition of the Group’s on-going development projects namely Desa Green, Vertical Office Suites, Scenaria @ North Kiara Hills, South View Serviced Apartments, Southbank Residence, Desa Sentul, and The Vertical Corporate Tower. For the six months, the company's revenue was MYR 639.4 million compared with MYR 394.2 million a year ago. Profit before tax was MYR 229.5 million compared with MYR 171.6 million a year ago. Profit for the period was MYR 174.0 million compared with MYR 136.3 million a year ago. Profit attributable to owners of the company was MYR 147.4 million or 10.30 sen per basic share compared with MYR 124.8 million or 9.32 sen per basic share a year ago. Net cash generated from operating activities was MYR 133.2 million compared with net cash used in operating activities of MYR 45.9 million a year ago. Purchase of property, plant and equipment was MYR 3.6 million compared with MYR 11.4 million a year ago. As on June 30, 2015, the company's net asset per share was MYR 1.90.

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