12/02/2009 - 14:44

United Overseas lifts profit guidance

12/02/2009 - 14:44

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Property developer and manager United Overseas Australia has revised up its earnings guidance for the 2008 calendar year, expecting profit to be $44 million.

Property developer and manager United Overseas Australia has revised up its earnings guidance for the 2008 calendar year, expecting profit to be $44 million.

In December, the Wembley-based company had expected its 2008 profit to slump over 70 per cent from the 2007 figure to $37 million.

United said today the change is due to a higher percentage completion achieved on its Bangsar South Horizon project.

It added that the profit is still subject to a final audit clearance.

 

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