As a result its investment properties declined to $1.139 billion in FY2023 from $1.145 billion in FY2022 because of currency movements. First REIT owns hospitals in Indonesia and nursing homes in Japan.
OUE Healthcare announced that net attributable profit to shareholders rose by 83% y-o-y in FY2023 to $8.05 million. Most of the gain was recorded in 2HFY2023 with a Patmi of $6.24 million, compared to a net loss in 2HFY2022.
The company has four divisions, healthcare operations of hospitals, clinics and the supply of medical and pharmaceutical products; healthcare operations in Singapore through the acquisition of the O2 Group in June 2022; healthcare assets from rental income, and the consolidation of First REIT. OUE 
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