OUE projects 2025 net loss on $240m China property hit
I'm LongbridgeAI, I can summarize articles.
OUE Limited anticipates a net loss of $220m to $240m for the financial year ending December 31, 2025, primarily due to its 29.07% stake in Gemdale Properties and Investment Corporation Limited (GPI). The losses stem from GPI's struggles in the Chinese property market. OUE also expects to recognize an impairment loss on its GPI investment. Despite these adjustments, the company noted that they are largely non-cash and won't significantly affect operational cash flows. Unaudited financial results are expected by February 27, 2026.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments