Thursday, Aug 21, 2014Thursday, Aug 21, 2014
News
 

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.

 
If you are not a subscriber, you can get instant, unlimited access here