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Divestment gain boosts UEL full-year bottom line
Published Fri, Feb 28, 2014 · 10:00 PM
Singapore
UNITED Engineers Limited's (UEL) net profit for the full year ended December jumped 64 per cent to $118.1 million from $72.2 million a year ago, helped mainly by a divestment gain.
Revenue surged to $2.01 billion from $595.7 million due mainly to the consolidation of WBL Corp Ltd's revenue of about $1.37 billion, as well as increased rental from the group's i…
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