OUE projects net loss for FY2020

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The pandemic has affected the ability of tenants to pay rent and other fees. OUE Limited has informed it shareholders that it would likely post a loss for 2020, the company disclosed on 17 February. On its investment properties, OUE reported an approximate loss of $424.4m. Approximately $298.9m, or 68.8%, of this loss was due to the disposal of the US Bank Tower September last year. Impairment losses on property, plant and equipment, and intangible assets was also a factor to the loss. read more