United International Enterprises Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2018; Provides Net Profit Guidance for 2018
For the first half, the company reported revenue of USD 160.838 million compared to USD 167.538 million a year ago. Profit from operations before financial items was USD 58.367 million against USD 52.892 million a year ago. Profit before tax was USD 77.626 million compared to USD 67.785 million a year ago. Profits attributable to owners of the company were USD 37.023 million compared to USD 31.409 million a year ago. Earnings per share were USD 10.85 compared to USD 9.0 a year ago. Net cash generated from operating activities was USD 42.350 million compared to USD 82.381 million a year ago. Purchase of property, plant and equipment was USD 10.682 million compared to USD 18.214 million a year ago. Land use rights payments was USD 3,000 compared to USD 212,000 a year ago.
The company expected net profit attributable to equity holders of the year 2018 is expected to be lower than the result reported in 2017.