UOL strongly believes in delivering product excellence and quality service in all our business ventures.
The list of property development projects includes residential units, office towers and shopping malls, hotels and serviced suites. UOL, through our hotel subsidiary Pan Pacific Hotels Group Limited (PPHG), owns and/or manages over 30 hotels, resorts and serviced suites in Asia, Oceania and North America under two acclaimed brands, namely "Pan Pacific" and PARKROYAL.
44.3% United Industrial Corp (UIC)
25% Aquamarina Hotel Private Limited
22.7% Marina Centre Holding
Aug 2016
Revenue up 6% from a year ago to S$363.5 million,
Profit tumbled by 55% year-on-year to $68.8 million.
Jan 2017
Earnings of $287.0 million for the full year ended Dec 31, a decline of 27% from $391.4 million a year ago.
This was mainly due to attributable net fair value and other losses of $37.2 million in FY2016, compared with fair value and other gains of $41.0 million a year ago.
Full year revenue grew 13% to $1.44 billion, from $1.28 billion a year ago.
UOL reports higher contributions from all segments dividend income, which fell 29% to $30.2 million in the year due to the absence of the UOB special dividend.
Revenue from property development rose 27% to $733.9 million with recognition from Riverbank@Fernvale, Botanique at Bartley and Principal Garden.
Revenue from hotel operations increased by 2% to $429.6 million on the back of improved performance at Pan Pacific Tianjin in China, as well as at all its Australian hotels.
Revenue from property investments increased 3% to $225.0 million due mainly to the addition of 110 High Holborn in London, which was acquired in June 2016.
Group expenses fell 7% to $252.6 million, from $272.4 million a year ago.
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