United Engineers Limited announced unaudited group earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenue of SGD 81,505,000 compared to SGD 118,217,000 a year ago. Operating profit was SGD 8,678,000 compared to SGD 12,050,000 a year ago. Profit before tax was SGD 9,214,000 compared to SGD 11,265,000 a year ago. Profit net of tax was SGD 6,757,000 compared to SGD 8,575,000 a year ago. Profit attributable to owners of the company was SGD 7,683,000 compared to SGD 9,095,000 a year ago. Net cash used in operating activities were SGD 56,585,000 against net cash flows from operating activities SGD 41,315,000 a year ago. Purchase of property, plant and equipment was SGD 2,647,000 against SGD 2,923,000 a year ago. Basic and diluted earnings per stock unit were 1.2 cents compared to 1.4 cents a year ago. Net asset per ordinary stock unit based on the total number of issued shares as at September 30, 2018 was SGD 3.09. Revenue decreased by 31% as compared to the same period a year ago, mainly due to lower revenue from property development and the absence of contribution from the liquefied petroleum gas (LPG) business which was divested towards the end of 2017. For the nine months, the company reported revenue of SGD 282,941,000 compared to SGD 349,064,000 a year ago. Operating profit was SGD 31,822,000 compared to SGD 66,456,000 a year ago. Profit before tax was SGD 34,720,000 compared to SGD 67,903,000 a year ago. Profit net of tax was SGD 27,379,000 compared to SGD 57,720,000 a year ago. Profit attributable to owners of the company was SGD 27,691,000 compared to SGD 63,190,000 a year ago. Net cash used in operating activities were SGD 54,159,000 against net cash flows from operating activities SGD 176,814,000 a year ago. Purchase of property, plant and equipment was SGD 8,628,000 against SGD 8,642,000 a year ago. Basic and diluted earnings per stock unit were 4.3 cents compared to 9.9 cents a year ago. Revenue decreased by 19% as compared to the same period a year ago, mainly due to lower revenue from property development and the absence of contribution from the divested LPG business.