OUE Flags Losses for 2024

MT Newswires

2025/02/17

OUE (SGX:LJ3) is expected to book a loss attributable to shareholders for the year ended Dec. 31, 2024, against a profit attributable of SG$81.1 million logged in 2023, according to a Firday filing with the Singapore bourse.

The company has attributed the downbeat forecast to losses incurred by its equity-accounted investees, and overall net fair value losses in investment properties of around SG$79 million.

The company is expected to release its financial results on or before Feb. 28.

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