United International Enterprises Limited reported unaudited consolidated earnings results for the second quarter and first half ended June 30, 2018. For the quarter, the company reported revenue of USD 77.987 million compared to USD 82.211 million a year ago. Profit from operations before financial items was USD 25.166 million against USD 31.440 million a year ago. Profit before income tax was USD 27.364 million compared to USD 40.825 million a year ago. Profits attributable to owners of the company were USD 10.324 million compared to USD 19.447 million a year ago. Earnings per share was USD 3.04 compared to USD 5.6 a year ago.

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.