OUE's full year dented by fair-value losses

Singapore

OUE sank into the red for the full year ended Dec 31, dragged down by net fair value losses on its investment properties.

It posted a a net loss of $36.6 million, compared with a net profit of $90.1 million a year earlier. Excluding the non-cash item of $76.8 million, OUE made an attributable pre-tax profit of $57.5 million.