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OUE reverses to black as it reports earnings of $50.9 mil for the 2HFY2021 on higher adjusted EBIT

Felicia Tan
Felicia Tan2/28/2022 8:26 PM GMT+08  • 3 min read
OUE reverses to black as it reports earnings of $50.9 mil for the 2HFY2021 on higher adjusted EBIT
The group has declared a final dividend of 1 cent per share, bringing the total dividend in the FY2021 to 2 cents per share.
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OUE Limited has reported earnings of $50.9 million for the 2HFY2021 ended December, reversing from losses of $136.2 million in the corresponding period the year before.

In the FY2021, the group logged earnings of $80.9 million from losses of $343.4 million in the FY2020.

The earnings were due to higher adjusted EBIT, lower share of fair value losses on investment properties and mark-to-market fair value gains on investments designated at fair value. This was partly offset by higher impairment losses recognised on property, plant and equipment during the year.

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