SINGAPORE (May 12): UOL property group saw 1Q earnings rise 4% to $77.1 million from $74.2 million a year ago.

Revenue from property development jumped 112% to $164.3 million during the quarter from $77.3 million in the previous corresponding quarter.

There was higher progressive recognition of revenue from projects launched in 2014 - Riverbank@Fernvale and Seventy Saint Patrick’s - as well as from Botanique at Bartley and Principal Garden launched in March and October 2015 respectively.

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