OUE swings into the red in Q2
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Singapore
OUE Limited swung into the red in the second quarter ended June 30 with a net loss of S$16.28 million versus a net profit of S$4.43 million a year ago, owing to S$20.55 million of other losses mainly arising from fair-value losses on its investment in a mutual fund.
"Excluding the other losses, the group's business and operations continue to have a positive contribution with attributable profits of S$4.3 million for 2Q 2015 (Q2 2014: S$4.8 million)," said OUE.
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