OUE Limited’s share of results, including GPI, recorded a loss of $46 million in the 1HFY2025. The group expects this loss to deepen to $220 million to $240 million for the year.
OUE Limited says it expects to report a loss attributable to shareholders — or a net loss — for the FY2025 ended Dec 31, 2025.
The expected losses are mainly due to the estimated losses from Gemdale Properties and Investment Corporation (GPI), an investee company which is 29.07%-owned by the group. GPI’s business in China was said to be “adversely impacted” by the slow-down in the property market and the country’s current economic environment.
