Group revenue grew 1.2% on-year to $147.3 million from $145.6 million on the back of higher contributions from the Investment Properties and Development Property divisions as a result of higher occupancy at US Bank Tower and certain OUE Twin Peaks units sold under deferred payment schemes, respectively.
SINGAPORE (May 13): OUE Limited has reported a profit attributable to shareholders of $1 million for 1Q19, unchanged from a year ago despite growth in earnings before interest and tax (EBIT).
This was largely due to non-cash finance costs on lease liabilities recognised on the adoption of SFRS(I) 16 on leases, says the group in its filing on Friday.
