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

Thu, May 12, 2016 - 5:50 AM

Cai Haoxianghaoxiang@sph.com.sg@HaoxiangCaiBT

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...

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