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UGB's Q1 profits fall to $2.1 million

UGB's total income also decreased to $35.2 million, compared to $40.5 million at 31 March 2014. In 1Q14, $9 million step-up acquisition gain was recorded at a subsidiary, no such gain during 1Q15. UGB's total assets marginally decreased to $2.6 billion as at 1Q15, compared to $2.8 billion at 31…

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