UOL H2 profits up 127%; dividend of S$0.15 per share proposed for FY2021

UOL Group’s net profit grew 127 per cent year on year to S$216.1 million for the second half ended Dec 31, 2021, up from S$95.3 million for the corresponding period in 2020.

With this, the mainboard-listed property company reported a 2,239 per cent jump in full-year earnings from S$13.1 million to S$307.4 million, and proposed a first and final dividend of 15 cents per share for FY2021.

In a bourse filing on Monday (Feb 28), UOL said its FY2021 earnings were largely driven by fair value and other gains of S$73.8 million, compared to fair value and other losses of S$246.7 million in FY2020.