On
In 2023, UIE's net result was
UIE's Business Reporting Highlights 2023:
UP:
- UIE's share of UP's result increased by 13% to
USD 74.3 million in 2023 -
UP reported a record-high net profit of
MYR 711.0 million due to higher production volumes of CPO and PK as well as higher selling prices of CPO - In local currency, UP's result increased by 17%. However, when measured in USD, the increase was only 13% due to a weaker MYR in 2023
Schörling:
- The fair value of UIE's investment in Schörling amounted to
USD 225.5 million at the end of 2023 - an increase ofUSD 35.7 million , or 19%, since year-end 2022. In addition, UIE receivedUSD 0.8 million in dividends from Schörling in 2023 - The increase in fair value can be attributed to strong operational performance paired with a favourable year for the global equity markets with each of Schörling's listed investments achieving a double-digit percentage increase in share price. The fair value was further positively impacted by a strengthening of the SEK
Greenbridge:
- The fair value of UIE's investment in Greenbridge amounted to
USD 48.6 million at the end of 2023. This corresponds to an increase of 5.3 million, or 12%, since year-end 2022 - The increase in fair value is due to valuation parameters affected positively by the general equity markets as well as a continued growth within the portfolio companies
Other:
- Other Items generated a net gain of
USD 5.4 million , mainly representing gains deriving from the liquidity reserves invested in a diversified and liquid portfolio of equities, bonds andGovernment Securities
For more information, please download the full Annual Report 2023 or visit UIE's website.
https://news.cision.com/uie-plc/r/uie-s-annual-report-2023,c3938072
https://mb.cision.com/Main/17799/3938072/2637721.pdf
https://mb.cision.com/Main/17799/3938072/2637722.zip
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