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United Engineers' full-year earnings surge 64% to $118.1 million

Published on Feb 28, 2014 8:43 PM

Full-year earnings for property development conglomerate United Engineers (UE) soared 64 per cent to $118.1 million.

Revenue more than doubled, jumping 238 per cent to $2.01 billion from a year ago.

UE said on Friday that this surge was largely driven by the consolidation of WBL Group's revenue contribution at about $1.37 billion.

UE owned a 56.8 per cent stake in WBL as of March 29 last year.

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