Twin Peaks sales, divestment prop up OUE results
Net profit still down 7.7%; revenue boosted by divestment of Crowne Plaza Changi Airport Extension
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Singapore
BRISK condominium sales and a hotel divestment propelled property developer OUE Limited to a net profit of S$144.4 million for its financial year ended Dec 31, 2016.
However, net profit was 7.7 per cent lower than the S$156.4 million recorded in 2015, due to higher finance costs and net fair value losses on investment properties.
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