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OUE posts S$1.09b profit for FY14, reversing earlier loss

Singapore

BUOYED by its divestments, integrated property developer OUE Ltd has posted a net profit of S$1.09 billion for its financial year ended Dec 31, 2014, rebounding from the S$36.6 million loss a year ago.

This was primarily due to the unlocking of values of Mandarin Orchard

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