The earnings were due to higher adjusted EBIT, lower share of fair value losses on investment properties and mark-to-market fair value gains on investments designated at fair value. This was partly offset by higher impairment losses recognised on property, plant and equipment during the year.
OUE Limited has reported earnings of $50.9 million for the 2HFY2021 ended December, reversing from losses of $136.2 million in the corresponding period the year before.
In the FY2021, the group logged earnings of $80.9 million from losses of $343.4 million in the FY2020.
