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UE 2014 earnings down 49% at S$46m


UNITED Engineers (UE), which was a takeover play, reported a net profit from continuing operations of S$46 million for its full year ended Dec 31, 2014, down 49 per cent from S$89.5 million a year ago.

Revenue rose 93 per cent to S$3.2 billion from S$1.7 billion.