SUBSCRIBERS
UOL full-year profit dives 97% to S$13m; better second-half more than offsets H1 loss
Group sees subdued office demand and uncertain retail outlook
Published Fri, Feb 26, 2021 · 09:50 PM
Singapore
UOL Group's FY20 net profit plunged 97 per cent to S$13.1 million, from S$478.8 million a year earlier.
This was due mainly to attributable fair-value losses on its investment properties and other losses totalling S$246.7 million, compared to gains of S$165.1 million previously.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
