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About UOL Group Limited

UOL Group Limited is a Singapore-based property company. The Company has a diverse portfolio of development and investment properties, hotels and serviced suites in Asia, Oceania, Europe and North America. Its Property development segment is engaged in the development of properties for sale. Its Property investments segment is focused on leasing of commercial properties and serviced suites. Its Hotel operations segment is engaged in operation of owned hotels. The Company's Investments segment is engaged in investment in quoted and unquoted financial assets, at fair value through other comprehensive income (FVOCI). Its Technology operations segment focuses on the distribution of computers and related products, including the provision of systems integration and networking infrastructure services. Its Management services segment includes provision of hotel management services under the Pan Pacific, PARKROYAL and PARKROYAL COLLECTION brands, project management and related services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, UOL Group Limited revenues increased 32% to SP$2.61B. Net income increased from SP$13.1M to SP$307.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from FV Adjustments on Investment Property decrease from SP$293.3M (expense) to SP$114.2M (income), Interest expense decrease of 12% to SP$68.9M (expense).