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UOL Group 9M15 Net Profits Down 25%
Daily Bulletin | 12 November 2015
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UOL Group reported a slump of 24.7 percent in its 9M15 net profits to $327.6 million on the back of a drop in revenue.

Revenue dropped 11.5 percent to $934.5 million partly due to lower contributions from hotel operations arising from refurbishment works at Pan Pacific Perth and PARKROYAL Yangon together with the weakness in the Ringgit and Australian Dollar which affected the reported revenue from the group’s hotels in Malaysia and Australia. Coupled with increasing operating expenses across the board to a total of $198 million (17.5 percent) , the group’s profitability suffered significantly.

UOL Group  7.530 -0.02 -0.26%   
Business: Co engages in property development, property investments, and hotel businesses. [FY17 Turnover] Ppty devt (52.2%), hotel ops (23.6%), ppty invs (14.9%), invs & others (9.3%).

Insight: Aug-18, 1H18 revenue jumped 72.9% to $1.3b attribu... Read More

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