UIE Third Quarter Report 2019

UIE’s net profit in the first nine months of 2019 amounted to USD 40.5 million, which is 27% lower than the result reported in the first nine months of 2018.

UIE’s share of UP’s net profit was USD 23.5 million, which is a decrease of 31% compared to the first nine months of 2018.

The fair value of the investment in Schörling increased by USD 16.7 million in the first nine months of 2019 compared to an increase of USD 20.6 million in the first nine months of 2018.