UIE's Third Quarter Report 2022
On Monday, 21 November 2022, UIE Plc. announced its financial results for the third quarter of 2022. Highlights from Q1-3 UIE’s net result in the first nine months of 2022 amounted to a loss of USD 67.6 million, which is a significant change relative to the net profit of USD 79.8 million reported in the first nine months of 2021. The share of UP’s net profit increased by 13% to USD 48.1 million for the first nine months of 2022 after a strong third quarter. Despite price pressure on production costs, higher prices for crude palm oil ("CPO") and palm kernel ("PK") improved the