UE books revaluation gains but dividend falls
Add BT as a preferred sourcePublished Thu, Feb 22, 2018 · 09:50 PM
Singapore
REVALUATION gains lifted United Engineers' (UE) full-year net profit from continuing operations to S$89.6 million, up 227 per cent from 2016.
This was due mainly to a net revaluation gain of S$44.4 million from its investment properties in Singapore, as well as a S$16.8 million reduction in the provision for rental support for UE BizHub East which was no longer required.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Singapore Airlines plans debut 5-year dim sum bond
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Apex court dismisses almost all of the appeals by Envy’s ex-employees over S$38 million of clawbacks
