UUE Holdings Bhd has reported a record quarterly adjusted net profit of RM9.3 million for the first quarter ended February 28, 2027.
The figure represents a 448.4% increase from the same period in the prior year, marking the highest quarterly earnings in the company's history.
Peers such as MCE Holdings Bhd have also reported sharp improvements in recent quarters, with profit before tax rising significantly in the third quarter of fiscal 2026.
The surge in profitability was primarily driven by robust growth in Malaysia and Singapore, the developer's key operational markets.
Strong demand and favorable market conditions in these regions underpinned the significant year-on-year improvement, allowing the firm to capitalize on its diversified portfolio.
This result aligns with a broader trend of accelerating profitability among Malaysian property developers.
Peers such as MCE Holdings Bhd have also reported sharp improvements in recent quarters, with profit before tax rising significantly in the third quarter of fiscal 2026.