United Engineers Limited reported unaudited Group earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of SGD 96,188,000 against SGD 124,742,000 a year ago. Operating profit was SGD 11,684,000 against SGD 45,759,000 a year ago. Profit before tax was SGD 13,106,000 against SGD 47,438,000 a year ago. Profit attributable to owners of the company was SGD 11,006,000 against SGD 45,380,000 a year ago. Net cash flows used in operating activities was SGD 7,717,000 against net cash flows from operating activities of SGD 7,668,000 a year ago. Purchase of property, plant and equipment was SGD 2,859,000 against SGD 3,671,000 a year ago. Basic and diluted earnings per share were 1.7 cents against 7.1 cents a year ago. Net asset per ordinary stock unit was SGD 3.09 as of June 30, 2018. The decrease in revenue was mainly due to lower revenue from property development and the absence of contribution from the liquefied petroleum gas (LPG) business which was divested towards the end of 2017. For the six months, the company reported revenue of SGD 201,436,000 against SGD 230,847,000 a year ago. Operating profit was SGD 23,144,000 against SGD 54,406,000 a year ago. Profit before tax was SGD 25,506,000 against SGD 56,638,000 a year ago. Profit attributable to owners of the company was SGD 20,008,000 against SGD 54,095,000 a year ago. Net cash flows from operating activities were SGD 2,426,000 against SGD 135,499,000 a year ago. Purchase of property, plant and equipment was SGD 5,981,000 against SGD 5,719,000 a year ago. Basic and diluted earnings per share were 3.1 cents against 8.5 cents a year ago.