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UE Q1 net profit down 72% at S$6.9m

Published Wed, May 11, 2016 · 09:50 PM

Singapore

WEAK global demand for smartphones and lower sales recognised from a property project led to a plunge in earnings for property and tech conglomerate United Engineers (UE).

But it remained profitable due to income from rent, engineering projects, and lower staff and related costs.

The firm …

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Companies & Markets

Companies & Markets

UE Q1 net profit down 72% at S$6.9m

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

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