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UOL's H1 reverses to S$82.1m net loss due to Covid-19 impact

CEO urges government to extend further ABSD deadlines, as 'impact of crisis not fully felt yet'

Singapore

PROPERTY company UOL reversed to a net loss of S$82.1 million for its first half ended June 30, compared to a profit of S$267.7 million in the same period last year.

This was due mainly to fair value losses on its investment properties, including retail malls and serviced...

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