UOL says revenue from property development is up 26% to $1.51 billion thanks to higher progressive revenue recognition from projects such as Pinetree Hill, Watten House and MEYER BLUE, as well as new revenue recognition from UPPERHOUSE at Orchard Boulevard in Singapore.
UOL Group has reported FY2025 earnings of $481.7 million, a jump of 34%, thanks to stronger property development and property investments. Revenue in the same year was up 16% to $3.23 billion.
The company plans to pay a special dividend of 7 cents per share, on top of a final dividend of 18 cents, bringing the total payout to 25 cents.
