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UOL Group reports earnings of $358.2 mil for FY2024, down 49% y-o-y due to absence of large one-time gain from PARKROYAL

Nicole Lim
Nicole Lim • 3 min read
UOL Group reports earnings of $358.2 mil for FY2024, down 49% y-o-y due to absence of large one-time gain from PARKROYAL
The group saw higher operating profit from property investments and hotel operations, higher finance income and lower share of losses from associated and joint ventures for the year. Photo: UOL Group
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UOL Group has reported earnings of $358.2 million for the FY2024 ended Dec 31, 2024, down 49% y-o-y. The group similarly reported lower 2HFY2024 earnings of $227.8 million, down 60% y-o-y. 

Earnings per share for FY2024 came in at 42.39 cents per share. 

UOL’s revenue for the FY2024 came in 4% higher y-o-y at $2.79 billion, and revenue for the 2HFY2024 came in 16% higher y-o-y at $1.52 billion. This increase was mainly due to higher revenue from property investments and hotel operations.

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