United Engineers Limited Announces Unaudited Group Earnings Results for the First Quarter Ended March 31, 2018
United Engineers Limited announced unaudited Group earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of SGD 105,248,000 against SGD 106,105,000 a year ago. Operating profit was SGD 11,460,000 against SGD 8,647,000 a year ago. Profit before tax was SGD 12,400,000 against SGD 9,200,000 a year ago. Profit attributable to owners of the company was SGD 9,002,000 against SGD 8,715,000 a year ago. Net cash flows from operating activities were SGD 10,143,000 against SGD 127,831,000 a year ago. Purchase of property, plant and equipment was SGD 3,122,000 against SGD 2,048,000 a year ago. Basic and diluted earnings per stock unit were 1.4 cents against 1.4 cents a year ago. Net asset per ordinary stock unit based on the total number of issued stock units was SGD 3.11.