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
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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.
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