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