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UOL full year earnings fall 27% to $287 mil on fair value, other losses

Jude Chan
Jude Chan • 2 min read
UOL full year earnings fall 27% to $287 mil on fair value, other losses
SINGAPORE (Feb 24): Property developer UOL Group posts earnings of $287.0 million for the full year ended Dec 31, a decline of 27% from $391.4 million a year ago.
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SINGAPORE (Feb 24): Property developer UOL Group posts earnings of $287.0 million for the full year ended Dec 31, a decline of 27% from $391.4 million a year ago.

This was mainly due to attributable net fair value and other losses of $37.2 million in FY2016, compared with fair value and other gains of $41.0 million a year ago.

Full year revenue grew 13% to $1.44 billion, from $1.28 billion a year ago.

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