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OUE net profit sinks 80.7 per cent to S$2.1 m in Q3
OUE has posted a net profit of S$2.1 million in the third quarter, down 80.7 per cent from the same period a year earlier, due mainly to non-cash marked-to-market fair value losses on investments held at fair value.
Revenue in the three months ended Sept 30 rose 0.8 per cent to S$183.3 million.
Earnings per share was 0.23 Singapore cents, down from 1.19 Singapore cents in the third quarter last year.
Net asset value per share was S$4.39 as at Sept 30, from S$4.46 as at Dec 31 last year.
OUE shares rose 1.46 per cent to S$1.39 on Friday before results were announced after market close.