UOL to launch freehold Meyer Blue condo in September as H1 net profit falls 3% to S$130.4 million 

PROPERTY and hospitality company UOL Group on Tuesday (Aug 13) reported a net profit of S$130.4 million in the first half of the year, a 3 per cent drop from S$135 million reported in the corresponding period last year. 

Revenue for H1 fell 7 per cent to S$1.27 billion, from S$1.37 billion in H1 2023, as UOL recorded lower contributions from its property development business.