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Analysts remain bullish on UOL despite 51% drop in FY18 earnings to $433.7 mil on absence of one-off gain

Stanislaus Jude Chan
Stanislaus Jude Chan2/27/2019 03:37 PM GMT+08  • 3 min read
Analysts remain bullish on UOL despite 51% drop in FY18 earnings to $433.7 mil on absence of one-off gain
SINGAPORE (Feb 27): Analysts from OCBC Investment Research and CGS-CIMB Research are staying positive on UOL Group, despite the property company reporting a 51% drop in full-year earnings to $433.7 million for the FY18 ended December.
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SINGAPORE (Feb 27): Analysts from OCBC Investment Research and CGS-CIMB Research are staying positive on UOL Group, despite the property company reporting a 51% drop in full-year earnings to $433.7 million for the FY18 ended December.

The decline was mainly due to the absence of a one-off gain of $535.6 million in FY17 on the consolidation of United Industrial Corporation (UIC).

Excluding this one-off gain, UOL’s earnings would have been 26% higher in FY18.

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