UEM Sunrise reports RM20.7m 2Q profit as revenue jumps after land divestments

UEM Sunrise Bhd made a profit of RM20.7 million or 0.41 sen per share in the second quarter ended June 30, 2022 (2QFY22), on higher revenue and improved operating profit margins. This compares to the net loss of RM7.37 million or 0.15 sen it recorded in 2QFY21, which was weighed by unfavorable share of results from joint ventures and associates, among others.

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