KUALA LUMPUR, Aug 30 (Bernama) — UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) announced its financial results for the six months ended 30 June 2019 (“1H 2019”) where total revenue increased to RM1,419.8 million compared to RM861.1 million in the first half of 2018 (“1H 2018”) mainly driven by the completion and settlement of Aurora Melbourne Central’s separable portions (“SP”) SP3 and SP4 and Conservatory’s SP1, SP2 and SP3 in Melbourne, Australia. Excluding a one-off impairment of RM37.3 million, profit after tax and non-controlling interests stood at RM107.8 million for the period.
In absence of significant earnings contribution from land sales in this period compared to 1H 2018 amounting to RM207.3 million, property development earnings contribution improved from RM41.2 million to RM107.8 million.