UIE Plc H1 net income falls on investment fair value losses
UIE Plc H1 net income falls on investment fair value losses
Overview
Investment holding company's H1 net income fell due to negative fair value adjustments
UP's net profit down 14% as lower CPO prices offset record production volumes
Schörling and Greenbridge investments saw fair value declines on market and currency moves
Outlook
Company did not provide specific financial guidance or outlook commentary
Result Drivers
FAIR VALUE ADJUSTMENTS - Declines in the fair value of Schörling and Greenbridge investments weighed on results
LOWER CPO PRICES - UP's earnings were hurt by lower realised CPO prices despite record production volumes
CURRENCY EFFECTS - Stronger MYR and weaker SEK against USD reduced reported results
Company press release: ID:nWkrb1pB6F
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Income |
| $10.50 mln |
|
Reuters Recommended Reads
Aug 19 - Sweden's Latour Q2 sales rise on strong industrial demand
Aug 18 - Hong Kong asset manager Value Partners' H1 net profit falls despite fee income surge
Aug 18 - Israel's Ellomay Capital Q2 swings to profit on Ellomay Luzon Energy stake
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)