UIE's First Quarter Report 2021
On Thursday 20 May 2021, UIE Plc. announced its First Quarter Report 2021. Highlights from Q1: UIE’s net result in the first quarter of 2021 amounted to USD 17.0 million, which is USD 49.3 million higher than the negative result of USD 32.3 million reported in the first quarter of 2020. UIE’s share of UP’s net profit decreased by 4% to USD 8.8 million due to a negative contribution from UP’s refinery division caused by the timing difference of raw materials hedging positions versus physical delivery of the finished goods. UP’s plantation division reported slightly lower