OUE Healthcare expects higher H2, FY23 profit on fair-value gains
CATALIST-LISTED OUE Healthcare : 5WA 0% is expecting a higher year-on-year profit after tax for the second half and full year ended Dec 31, 2023, based on a preliminary assessment of its financial results.
In a bourse filing on Wednesday (Feb 21), the company said it expects the stronger results due to net fair-value gains relating to its investment properties.
The company, which was known as OUE Lippo Healthcare, reported a net loss of S$4 million for the second half ended Dec 31, 2022. It posted a net profit of S$4.4 million for FY2022.
The company is in the process of finalising its unaudited financial results, which will be announced on or before the end of this month.
Shares of OUE Healthcare closed unchanged at S$0.026 on Wednesday, before the announcement.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tech platforms make pitch for ad deals as TikTok is roiled by politics
Expedia shares sink as vacation rental weakness fuels revenue forecast trim
Oil settles down on US jobs data, steepest weekly loss in three months
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Google, US clash over search advertising as trial winds down