UIE First Quarter Report 2019

UIE’s net profit in the first quarter of 2019 amounted to USD 25.2 million, which is 6% lower than the result reported in the first quarter of 2018.

UIE’s share of UP’s net profit was USD 7.9 million, which is a decrease of 36% compared to the first quarter of 2018.

The fair value of the investment in MSAB increased by USD 16.5 million in the first quarter of 2019 compared to an increase of USD 13.8 million in the first quarter of 2018.