{"id":71024,"date":"2017-11-06T11:29:01","date_gmt":"2017-11-06T04:29:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/united-industrial-corps-q3-revenue-surges-by-55\/"},"modified":"2017-11-06T12:02:58","modified_gmt":"2017-11-06T05:02:58","slug":"united-industrial-corps-q3-revenue-surges-by-55","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/united-industrial-corps-q3-revenue-surges-by-55\/","title":{"rendered":"United Industrial Corp\u2019s Q3 revenue surges by 55%"},"content":{"rendered":"


\nArtist\u2019s impression of Pollen & Bleu, an eight-storey condominium in Farrer Drive.
\nUnited Industrial Corp\u2019s (UIC) net profit and revenue respectively surged by 49 percent and 55 percent to $95.54 million and $405.47 million in Q3 2017 on an annual basis, revealed an SGX filing on Friday (3 November).
\nThe stellar growth was driven by higher property sales, particularly in Alex Residences and Pollen & Bleu. In fact, gross earnings from property sales rose sharply by 102 percent to $277.77 million.
\nAt the same time, contributions from joint venture projects increased to $6.74 million from a loss of $3.93 million previously due to new contributions from The Clement Canopy condominium in Singapore that was launched for sale in February 2017. Sales were also recognized at the Holborn property in the UK that was purchased in November 2016.
\nIn addition, revenue from UIC\u2019s hotel business edged up by two percent to $37.42 million. However, that for property investments declined at a similar rate to $68.76 million
\nFor the first three quarters, the company\u2019s revenue jumped 47 percent to $1.031 billion, but net profit dipped by two percent to $230.04 million on a yearly basis.
\nOver the same period, property sales more than doubled to $636.57 million compared to $311.96 million. But revenue from its property investments fell marginally to $210.69 million from $211.51 million, while that for its hotel operations improved to $73.65 million versus $68.19 million previously.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…United Industrial Corp\u2019s Q3 revenue surges by 55%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Pollen & Bleu, an eight-storey condominium in Farrer Drive. United Industrial Corp\u2019s...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-71024","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ity","jetpack-related-posts":[{"id":50197,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pollen-amp-bleu-relaunched-with-deferred-payment-scheme\/","url_meta":{"origin":71024,"position":0},"title":"Pollen &amp; Bleu relaunched with deferred payment scheme","date":"March 30, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Pollen & Bleu, a 106-unit condominium project in Farrer Drive. Pollen & Bleu, an eight-storey condominium project in District 10, has attracted keen interest since its relaunch in February, with 83 percent of the units released sold, revealed CBRE, which is jointly marketing the project with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71358,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aspial-corp-records-7-51m-in-earnings-in-9m-2017\/","url_meta":{"origin":71024,"position":1},"title":"Aspial Corp records $7.51m in earnings in 9M 2017","date":"November 9, 2017","format":false,"excerpt":"\r Aspial Corporation\u2019s net profit soared by more than five-fold to $7.51 million in 9M 2017 compared to $1.38 million in the same period a year ago, revealed an SGX filing on Wednesday (8 November). However, the jewellery seller and property developer\u2019s revenue declined by 19 percent from $440.85 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condominium-sales-rose-49-2-qoq-in-q3-2019\/","url_meta":{"origin":71024,"position":2},"title":"New condominium sales rose 49.2% QoQ in Q3 2019","date":"November 15, 2019","format":false,"excerpt":"\r Despite a dip in new project launches, more units put up for sale compared to Q3 2018.\u00a0 New condominium sales grew 49.2% quarter-on-quarter (QoQ) or 16.9% year-on-year (YoY) to 3,198 units, compared to 2,736 units in Q3 2018, reported Singapore Business Review citing a Edmund Tie report. This figure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22243,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/frasers-centrepoints-q3-net-profit-falls-15-1-on-lower-development\/","url_meta":{"origin":71024,"position":3},"title":"Frasers Centrepoint\u2019s Q3 net profit falls 15.1% on lower development","date":"August 8, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Parc Life EC in Sembawang. Frasers Centrepoint Limited (FCL) saw its net profit for the third quarter ended 30 June 2016 drop 15.1 percent to S$154 million, while revenue fell 32.5 percent to S$682.1 million. The group attributed the declines to lower contributions from its development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-net-profit-rose-13-6-in-q3\/","url_meta":{"origin":71024,"position":4},"title":"CapitaLand\u2019s net profit rose 13.6% in Q3","date":"November 14, 2018","format":false,"excerpt":"\r View of The Nassim condominium project. CapitaLand\u2019s net profit for the third quarter of 2018 rose 13.6 percent to $362.2 million from $206.3 million in Q3 2017, on account of higher operating profit and gains from asset recycling. Operating profit for Q3 2018 increased 13.3 percent to $233.7 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112625,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/smaller-condos-the-bulk-of-new-sales-in-q3\/","url_meta":{"origin":71024,"position":5},"title":"Smaller condos the bulk of new sales in Q3","date":"November 25, 2019","format":false,"excerpt":"\r New sales of condominiums below 500 sq ft rose to 15.1% this quarter, compared to 13.6% in Q2 2019. Condos between 700 sq ft and 1,000 sq ft also increased from 30.3% to 33.5% in the same period Given their more affordable price quantum, smaller condos \u2013 or those\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/71024"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=71024"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/71024\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=71024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=71024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=71024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}