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Business Description: United Overseas Australia Limited (UOS) is a real estate development and management company focusing on development and resale of land and buildings, investment in the form of rental properties, and investment in the UOA Real Estate Investment Trust. The property development projects are mostly located in Kuala Lumpur, Malaysia.
Strategy Analysis: UOS's business strategy is focused on property development for both resale and being retained by the group to derive rental income. The group focuses on developing land parcels into residential, office and commercial complexes, primarily in Malaysia.
United Overseas Australia reported NPAT down 11.1% to $81.96m for the year ended 31 December 2012. Revenue from ordinary activities were $249.67m, up 29.35% from last year. Basic and Diluted EPS were 7.86 cents compared to 9.23 cents last year. Net operating cash flow was $103.58m compared to $208,000 last year. The final dividend declared was 2 cents, taking the full year dividend to 2.5 cents compared with 2 cents last year.
The Age 23/05/2013 |
The local sharemarket closed lower for a second consecutive day, dragged down by the banks and a surprisingly poor consumer sentiment report.
The Age 23/05/2013 |
Non-bank lender Resimac has made a bid to acquire the remnants of mortgage firm RAMS in a joint proposal with former Babcock & Brown banker Trevor Loewensohn.
The Age 23/05/2013 |
Department store Myer will switch its focus from relentless cost-cutting to driving sales growth and grabbing a greater slice of the discretionary spend by shoppers.
The Age 23/05/2013 |
Australia's top commodities agency has detailed a year of woe for the local resources industry and joined the Reserve Bank in declaring the peak of investment in the sector.
The Age 23/05/2013 |
Significant job losses are expected at Telstra after the telco announced sweeping changes to its operational structure as it shifts away from its legacy business.