UIE's Half Year Report 2024
On Wednesday, 14 August 2024, UIE Plc. announced its financial results for the first half of 2024. Highlights from H1 2024: UIE achieved a satisfactory net result for the first six months of 2024 despite the global economic challenges posed by the highest Federal fund rates since 2001 and escalating geopolitical tensions, notably in the Middle East. This result was mainly a function of the improved production and higher average selling prices for CPO and PK, as well as lower production costs in UP. UP · UP reported a record net profit of MYR 320.7 million, reflecting an