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

Benjamin Cher
Wong Pei Ting

Benjamin Cher &

Wong Pei Ting

Published Mon, Feb 28, 2022 · 07:10 PM

    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.

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