{"id":31514,"date":"2024-08-14T11:03:49","date_gmt":"2024-08-14T05:33:49","guid":{"rendered":"https:\/\/businessupturn.com\/asia\/?p=31514"},"modified":"2024-08-14T11:03:49","modified_gmt":"2024-08-14T05:33:49","slug":"uols-profit-drops-3-to-130-4m-in-first-half-of-2024","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/asia\/southeast-asia\/singapore\/business-singapore\/uols-profit-drops-3-to-130-4m-in-first-half-of-2024\/31514\/","title":{"rendered":"UOL\u2019s profit drops 3% to $130.4m in first half of 2024"},"content":{"rendered":"<p>UOL, a big company, made less money in the first half of 2024 compared to last year. They earned $130.4 million, which is 3% less than before. This happened because they lost $12.2 million due to changes in the value of their assets.<\/p>\n<p>The company\u2019s total earnings also went down by 7%, reaching $1.27 billion. They made less money from building and selling properties, but their hotels and other property investments did better.<\/p>\n<p>UOL\u2019s property development business made 23% less money because fewer people bought homes from their projects. However, their property investments did better, making 8% more money. This was because their office buildings in Singapore did well, and they opened a new hotel in Jakarta.<\/p>\n<p>Their hotel business also improved, making 11% more money. This was helped by opening a new hotel called Pan Pacific Orchard and their Pan Pacific Singapore hotel doing better.<\/p>\n<p>Overall, while UOL faced some challenges, some parts of their business are still growing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UOL, a big company, made less money in the first half of 2024 compared to last year. They earned $130.4\u2026<\/p>\n","protected":false},"author":416,"featured_media":31515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17984],"tags":[],"class_list":["post-31514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-singapore"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/31514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/users\/416"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/comments?post=31514"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/31514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media\/31515"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media?parent=31514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/categories?post=31514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/tags?post=31514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}