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OUE Lippo Healthcare climbs out of the red with FY19 earnings of $3.4 million on reversal of provision for legal cost

Stanislaus Jude Chan
Stanislaus Jude Chan2/19/2020 10:51 PM GMT+08  • 2 min read
OUE Lippo Healthcare climbs out of the red with FY19 earnings of $3.4 million on reversal of provision for legal cost
FY2019 revenue, comprising mainly rental income from the 12 nursing homes in Japan as well as revenue from the pharmaceutical distribution business in China, was stable at $19.6 million.
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SINGAPORE (Feb 19): OUE Lippo Healthcare climbed out of the red with full-year earnings of $3.4 million for FY2019 ended December, compare to losses of $9.3 million a year ago.

This was mainly due to the reversal of provision for legal cost no longer required, which amounted to $9.8 million.

This translates to earnings per share of 0.076 cent for FY2019, compared to a loss per share of 0.356 cent in FY2018.

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