OUE to book net loss for FY2025 on China exposure, impairment loss
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OUE anticipates a net loss for FY2025, primarily due to losses from its investment in Gemdale Properties, which is affected by China's property market slowdown. The expected loss ranges from S$220 million to S$240 million, with a reported loss of S$46 million in the first half of 2025. Additionally, OUE will record an impairment loss related to Gemdale, but these losses are largely non-cash and do not significantly impact operational cash flows. OUE will release its FY2025 results by Feb 27.
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