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Divestment gain boosts UEL full-year bottom line

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...

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