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United Engineers' FY17 earnings fall 36% to $89.6 mil on discontinued operations

Stanislaus Jude Chan
Stanislaus Jude Chan2/22/2018 07:27 PM GMT+08  • 2 min read
United Engineers' FY17 earnings fall 36% to $89.6 mil on discontinued operations
SINGAPORE (Feb 22): United Engineers posts a 36% drop in earnings to $89.6 million for the full year ended December, from $140.6 million a year ago.
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SINGAPORE (Feb 22): United Engineers posts a 36% drop in earnings to $89.6 million for the full year ended December, from $140.6 million a year ago.

This was due to the absence of contributions from discontinued operations, which accounted for earnings of $113.2 million a year ago.

Excluding discontinued operations, UE’s earnings would have more than trebled from $27.4 million a year ago.

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