UIE's First Quarter Report 2024
On Tuesday, 28 May 2024, UIE Plc. announced its financial results for the first quarter of 2024. Highlights from Q1 2024: UIE achieved a net result of USD 28.4 million in the first quarter of 2024, driven by a highly satisfactory operational performance from UP, as well as a fair value increase of the investment in Greenbridge. UP · UP reported a net profit of MYR 133.5 million, reflecting an increase of 19% compared to the first quarter of 2023 due to higher sales prices and increased pro-duction of CPO. However, when measured in USD, the increase was only 12% due to a