OUE Healthcare announced that net attributable profit to shareholders rose by 83% y-o-y in FY2023 to $8.05 million. Most of the gain was recorded in 2HFY2023 with a Patmi of $6.24 million, compared to a net loss in 2HFY2022.
The company has four divisions, healthcare operations of hospitals, clinics and the supply of medical and pharmaceutical products; healthcare operations in Singapore through the acquisition of the O2 Group in June 2022; healthcare assets from rental income, and the consolidation of First REIT. OUE
As a result its investment properties declined to $1.139 billion in FY2023 from $1.145 billion in FY2022 because of currency movements. First REIT owns hospitals in Indonesia and nursing homes in Japan.
The company says it is not declaring a dividend for FY2023 taking into considerations its cash flow requirements.
