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UE Q1 net profit down 72% at S$6.9m
Published Wed, May 11, 2016 · 09:50 PM
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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.
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