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.
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.
