OUE's 2015 profit falls 85.7% on lack of one-off gain

Singapore

OUE's net profit for the full year ended December 2015 fell 85.7 per cent, from S$1.09 billion to S$156.4 million, mainly attributable to the absence of non-recurring gain arising from the deconsolidation of OUE H-TRUST.

Revenue for the full year inched up 3.6 per cent, from S$416.4 million to S$431.5 million.