Fair value gains lift profit of UOL Group
Fair value gains lifted second quarter net profit of UOL Group by 151 per cent to $431.4 million.
The property group recorded a 461 per cent jump in fair value gains of investment properties to $334 million.
It also chalked up a 190 per cent rise in fair value gains on associates' investment properties to $66.2 million.
Revenue for the three months to June 30 was up a mere 2 per cent to $304.3 million.