UE net profit falls 17% to S$102.2m, mainly due to asset sales

Singapore

UNITED Engineers' (UE) net profit for 2015 has fallen 17 per cent to S$102.2 million, largely due to the sale of two business units at end-2014.

On a per-share basis, profit at the property and engineering group came to 16 Singapore cents, for the year ended December 2015.