Thanks for clarifying.
Agreed on OCF being very lumpy. My comment is in the context of the projects now nearing completion, namely Sentul Point and United Point, with GDV over $1bn AUD. They will be delivered in the 2nd half of 2019, according to the FY18 Annual Report.
And plagiarizing this from @eternalgrowth, see following on PBT vs OCF. Almost 150% OCF vs PBT. I imagine this will continue given SP/UP will no longer be consuming much cash, but providing a decent level of sales/settlements.
Ann: Profit Result (1st Qtr 2019) UOA Development Bhd, page-7
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