UEM Sunrise remains optimistic with RM2.7bil unbilled sales

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PETALING JAYA: UEM Sunrise Bhd believes the reduction in residential overhang is attributed to heightened buying interest, and this is likely to improve new property sales prospects for developers.

It reported that higher operating expenses, exacerbated by unfavourable results from joint ventures and associates, also contributed to the lower earnings.

For the remainder of the year, the company said it is remaining focused on its 2024 priorities in core activities and property investment, while continually exploring growth opportunities.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: UEM Sunrise Corporate News Prop /Business/Business News Unbilled sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 20:41:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22208476

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