UOL Group said net profit for the third quarter ended Sept 30 fell 13% to $87.8 million from last year.
Revenue slid 33% to $277.7 million in Q3 2012, from $413.3 million a year ago due mainly to lower property development revenue following the completion of some of the group's projects last year and this year.
Revenue for hotel management services fell 26% to $3.9 million because of the closure of the Pan Pacific Singapore for renovations from April to September.
Share of profit from associated companies declined 31% to $25.4 million in Q3, due mainly to a lower share of profit from Marina Centre Holdings and United Industrial Corporation.
No comments:
Post a Comment