United Engineers 2Q Profit Falls 33%, Expect Declining Dividend; Minority May Raise More Questions

The financial performance of United Engineers (UE) painted a less-than-rosy picture of the property sector. In the second quarter, revenue dipped 8 percent from $96.2 million to $88.1 million. This can be attributed not only to a weak performance from the property segment but also reflects poorly on the engineering and manufacturing segments as well. … Continue reading United Engineers 2Q Profit Falls 33%, Expect Declining Dividend; Minority May Raise More Questions