UIE's First Quarter Report 2022
On Thursday 19 May 2022, UIE Plc. announced its First Quarter Report 2022. Highlights from Q1 2022: UIE’s net result in the first quarter of 2022 amounted to a loss of USD 19.5 million, which is USD 36.5 million lower than the net result of USD 17.0 million reported in the first quarter of 2021. UIE’s share of UP’s net profit decreased by 22% to USD 6.9 million due to a negative contribution from UP’s refinery division caused by the timing differences of raw materials hedging positions versus physical delivery of the finished goods. UP’s plantation division reported production