UOL

UOL and Sim Lian post weaker property development results

Property developer UOL Group has announced that revenue was 59 percent down at S$297.7 million in the first quarter ended 31 March 2012, attributed to a 75 percent revenue drop in its property development segment to S$153.2 million. Net attributable profit for the quarter also fell 63 percent to S$84 million, from S$230 million over the same period last year. This was mainly due to a 52 percent fall in...

UOL’s 2Q net profit soars % to $147.8m

UOL Group today announced a net attributable profit of $147.8 million for the second quarter ended 30 June 2010, compared to a loss of $20.1 million in 2Q09. The net attributable profit excluding fair value and other gains increased by 36% to $122.1 million as compared to 2Q09. For the first six months in 2010, its net attributable profit excluding fair value and other gains rose 43% to $205.7 million...

UOL slips into the red with Q2 loss of S$20m

Property developer UOL has slipped into the red in the second quarter. The firm made a loss of S$20 million in the three months to June, compared to a profit of S$145 million in the same period last year. The loss was due to lower income from its hotel operations and fair value losses recognised for UOL's investments in United Industrial Corp and Marina Centre Holdings in the second quarter. Revenue for...

UOL offers to take over UIC for S$1.20 a share

Mainboard-listed UOL Group has made a takeover bid for United Industrial Corp (UIC). UOL is paying S$1.20 per share - valuing UIC at S$1.6 billion. The move comes after UOL's shareholding in UIC crossed the 30 per cent mark. Under listing rules, this means it has to make a general offer for the remaining shares. UOL's bid for UIC has revived long-time rivalries between United Overseas Bank Chairman Wee...

Singapore-listed property counters down 61% year-to-date

Singapore-listed property counters have been massively sold down in recent weeks. They are underperforming the benchmark STI, with losses of about 61 per cent year-to-date. With the outlook for the sector still cloudy, analysts say they would prefer to remain cautious on these property stocks for the year ahead. Weak new home sales in Singapore have translated into soft earnings, a poor outlook, and...

Pan Pacific Serviced Suites: UOL Group unveils new luxury serviced apartment

Property developer UOL Group has unveiled a new luxury serviced apartment, marking its entry into the extended stay business. Pan Pacific Serviced Suites, located in the Somerset area, will open for business in April. It offers 126 deluxe units, which come with personal assistants to tend to the needs of guests. Besides waking up to a view of downtown Singapore in an apartment kitted out with designer...

UOL posts 134% jump in full-year profit to record S$759m

Property developer United Overseas Land (UOL) has more than doubled its profit for 2007, helped by a S$590.5 million gain from investment properties. Net earnings jumped 134 percent to a record S$759 million, boosted by higher income from property development, quoted investments, property investments and hotel operations. Revenue rose 18 percent to S$709 million. The group benefited from the progressive...

Compare listings

Compare