Gradual earnings recovery seen for UMW in FY17


It was awarded a 25-year contract from Rolls-Royce to manufacture fan cases for Trent 1000 & 7000 engines, which are used in Boeing 787 Dreamliner and Airbus A330neo.

“The company expects to start delivery in 4Q17 and gradually ramp up to full capacity in 2019. We expect M&E’s revenue contribution to grow from 5% in FY15 to 10% in FY18.

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