OUE's net profit crippled by higher operating costs in 3Q

PATMI was also 43.9% lower.

According to Phillip Securities Research, higher operating expenses, higher finances expenses due to higher interest cost from more borrowings, a non-recurring loss on disposal of two China hotels and revaluation of investment properties impacted 3Q13 net profit 37.2% lower y-y (PATMI 43.9% lower y-y) .

Here's more:

OUE Ltd is currently exploring the potential listing of OUE Commercial Trust, with initial portfolio to include its OUE Bayfront property and Shanghai Lippo Plaza. OUE Bayfront and Lippo Plaza are valued at approximately S$1.081 mn and RMB 2.0 bn (S$415 mn) respectively.

Despite OUE having spun off two of its assets Mandarin Orchard Singapore and Mandarin Gallery to OUE H-Trust in July 2013, OUE H Trust continues to consolidate this entity as OUE retains control.

Mandarin Orchard Singapore continues to be held at cost within OUE’s balance sheet at Group Level.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia