UIE's Third Quarter Report 2024
On Tuesday, 19 November 2024, UIE Plc. announced its financial results for the first nine months of 2024. Highlights from Q3 2024: UIE achieved a net result of USD 82.4 million in the first nine months of 2024, mainly driven by record result from UP, as well as a fair value increase of the investments in Schörling and Greenbridge. UP: UP reported a record net profit of MYR 536.5 million, reflecting an increase of 5% compared to the first nine months of 2023 due to higher sales prices and lower production costs. When measured in USD, the increase was 7% due to a stronger MYR.