UOL Group Limited has reported a 97% plunge in FY2020 earnings of $13.1 million compared to earnings of $478.8 million in the FY2019.

For the period ended December, the lower earnings were due mainly to fair value losses on investment properties and other losses of $246.7 million in the FY2020 compared with $165.1 million gains in the FY2019.

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