trending Market Intelligence /marketintelligence/en/news-insights/trending/9AbNBz55PTHmFPjF_Ii1eA2 content esgSubNav
In This List

United International Enterprises Q1 profit falls YOY

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries


Next in Tech | Episode 168: AI Data Strategies


Street Talk | Episode 126: Hunting the bears, making the bull case for CRE


Investment Banking Essentials May 15

United International Enterprises Q1 profit falls YOY

United International Enterprises Ltd said its normalized net income for the first quarter was 80 cents per share, a decline of 52.9% from $1.70 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.8 million, a decrease of 54.2% from $6.2 million in the year-earlier period.

The normalized profit margin declined to 5.2% from 7.8% in the year-earlier period.

Total revenue declined 18.2% on an annual basis to $64.8 million from $79.2 million, and total operating expenses decreased 17.8% from the prior-year period to $44.2 million from $53.7 million.

Reported net income decreased 8.1% on an annual basis to $23.0 million, or $6.46 per share, from $25.0 million, or $6.83 per share.