Home Capital Results

United Engineers posts 25% lower 2Q earnings of $8.3 mil on lower revenue

Uma Devi
Uma Devi8/14/2019 06:27 PM GMT+08  • 2 min read
United Engineers posts 25% lower 2Q earnings of $8.3 mil on lower revenue
SINGAPORE (Aug 14): United Engineers reported 2Q19 earnings of $8.3 million, a 25% decline from $11.0 million in the same quarter last year, due primarily to a decline in revenue.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 14): United Engineers reported 2Q19 earnings of $8.3 million, a 25% decline from $11.0 million in the same quarter last year, due primarily to a decline in revenue.

Earnings per share for the quarter came in at 1.3 cents, down from 1.7 cents the previous year.

Revenue for the quarter fell 8% to $88.1 million from $96.2 million in the preceding year, on the back of lower revenue contributions from manufacturing, engineering and property development segments – which displayed a fall of 20%, 12% and 32% respectively.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now