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United Engineers' 3Q earnings sink 92% to $10.6 mil on discontinued operations

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
United Engineers' 3Q earnings sink 92% to $10.6 mil on discontinued operations
SINGAPORE (Nov 13): Property, engineering and manufacturing group United Engineers saw its earnings tumble 92% to $10.6 million in the 3Q ended September, from $134.7 million a year ago.
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SINGAPORE (Nov 13): Property, engineering and manufacturing group United Engineers saw its earnings tumble 92% to $10.6 million in the 3Q ended September, from $134.7 million a year ago.

This was mainly attributable to the absence of $179.2 million in profit a year ago from discontinued operations relating to Multi-Fineline Electronix as well as UE’s environmental engineering businesses.

Revenue climbed 41% in 3Q17 to $143.0 million, from $101.7 million a year ago.

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