UIE's Half Year Report 2020
On Monday 17 August 2020, UIE Plc. announced its Half Year Report 2020.Highlights from H1: UIE’s net result in the first half of 2020 amounted to USD 16.5 million, which is 65% lower than the USD 47.1 million reported in the first half of 2019. The impact of the Covid-19 pandemic on the financial markets caused significant negative fair value adjustments to UIE’s investment in Schörling during the first quarter of 2020, where UIE reported a negative fair value adjustment of USD 37.5 million. However, the fair value of the investment in Schörling recovered by USD 30.7 million during