On Tuesday,
Highlights from Q1 2024:
UIE achieved a net result of
UP
- UP reported a net profit of
MYR 133.5 million , reflecting an increase of 19% compared to the first quarter of 2023 due to higher sales prices and increased pro-duction of CPO. However, when measured in USD, the increase was only 12% due to a weaker MYR. -
The share of UP's net profit was
USD 13.6 million in the first three months of 2024, which wasUSD 1.5 million higher than theUSD 12.1 million reported in the first quarter of 2023.
Schörling
- The fair value of UIE's investment in Schörling was
SEK 2,400 million , representing an increase of 6% (or a gain ofSEK 136 million ) in the first quarter of 2024 compared to an increase of 9% (or a gain ofSEK 172 million ) in the first quarter of 2023. -
When measured in USD, the fair value of UIE's invest-ment in Schörling amounted to
USD 225.6 million at the end ofMarch 2024 - a marginal increase ofUSD 0.1 million since year-end 2023.
Greenbridge
- The fair value of UIE's investment in Greenbridge amounted to
USD 60.8 million at the end ofMarch 2024 . This corresponds to an increase ofUSD 12.3 million , or 25%, since year-end 2023. -
The increase in fair value is due to UIE investing an additional
USD 5.2 million as well as a fair value adjust-ment ofUSD 7.1 million , as the valuation parameters were affected positively by the general equity markets as well as a continued growth within the portfolio companies.
Please download the full First Quarter Report 2024 or visit www.uie.dk for further information.
https://news.cision.com/uie-plc/r/uie-s-first-quarter-report-2024,c3989249
https://mb.cision.com/Main/17799/3989249/2825464.pdf
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