Wednesday, February 22, 2012

OUE's full-year earnings fall 57% but revenue rises

traits Times: Wed, Feb 22
EARNINGS at property firm Overseas Union Enterprise (OUE) plunged 57 per cent to $335.7 million for the year, partly due to the absence of fair value gains.

However, revenue for the 12 months ended Dec 31 increased 54 per cent to $332.4 million on the back of growth in the hospitality and property investment divisions.

OUE recorded other gains - mainly fair value gains on its investment properties and reversal of impairment losses on its China hotels' property, plant and equipment - of $265.5 million for the full year. This was down sharply from $771.8 million in 2010...

To find out more, kindly join us at Real Estate Digest

Team Marshe
Martin Koh/ Sherry Tang
9383-3992/ 9844-4400

No comments:

Post a Comment