United Power Technology AG reported earnings results for the first quarter ended March 31, 2016. For the period, the company achieved a revenue growth of 8.7% to a total of EUR 29.2 million compared to EUR 26.9 million. The main reason for this increase was a strong demand for commercial generators especially in China and other regions. In terms of RMB, the functional currency of the Company, revenue increased by even 14.5%. EBIT amounted to EUR 2.1 million compared to EUR 4.1 million. The decrease was mainly due to foreign exchange losses that incurred this year, while the company posted EUR 1.7 million foreign exchange gains for the first quarter of last year. The profit amounted to EUR 1.2 million compared to EUR 3.1 million.