UIE's Half Year Report 2022
On Wednesday, 17 August 2022, UIE Plc. announced its financial results for the first half of 2022. Highlights from H1 2022: UIE’s net result in the first half of 2022 amounted to a loss of USD 57.8 million, which is a significant change relative to the net profit of USD 57.9 million reported in the first half of 2021. The share of UP’s net profit increased by 10% to USD 27.2 million after a strong second quarter due to high prices for crude palm oil ("CPO") and palm kernel ("PK"). The improvement in results relates to the Plantation Division, whilst the half-year results from UP’s