SUBSCRIBERS
UE books revaluation gains but dividend falls
Published 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.
A first and final d…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in
GE Aerospace raises earnings goal on strong engine sales
BRC Asia to buy 19.9% of steel reinforcement company for S$16 million