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UOA Development's 3Q net profit falls 30.3% to RM110.4m

UOA Development Bhd's net profit fell 30.34% to RM110.44 million or 6.85 sen a share in its third quarter ended Sept 30, 2016 (3QFY16), from RM158.54 million or 10.52 sen a share a year ago, mainly on marketing expenses, as well as administrative and operating expenses.

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Axis REIT sitting on ‘gold mine’

Axis Real Estate Investment Trust (REIT) chief executive officer Leong Kit May knew that the trust has a “gold mine” waiting to be excavated in its 50-acre (20.23ha) property in Klang. So much so that the first development on this land can generate a net yield of nearly 10% over 10 years.

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