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Higher costs weigh on UEL's Q2 earnings

UNITED Envirotech (UEL) posted a 11.7 per cent decline in its net profit to $7.1 million for its second quarter ended Sept 30, 2013. The profit attributable to equity-holders translated to earnings per share of 1.2 cents for the quarter, down from 1.69 cents a year ago. The lower earnings were