16-Feb-2011 11:44 AM
ST Engineering expects higher profits in 2011
ST Engineering revenue up 8% - financial highlights for the 12 months ended 31-Dec-2010:
- Revenue: USD4671 million, +8% year-on-year;
- Aerospace: USD1460 million, stable;
- Operating profit: USD457.9 million, +21%;
- Profit before tax: USD489.7 million, +15%;
- Aerospace: USD204.6 million, +15%;
- Net profit: USD383.2 million, +11%;
- Order book: USD8975 million, +11.7%;
- Total assets: USD5673 million, +5.6%;
- Total liabilities: USD4325 million, +6.4%. [more]
* Based on the conversion rate USD1 = SGD1.28127
ST Engineering: "For the aerospace sector, FY2011 turnover is expected to be comparable, whilst PBT is expected to be higher than that of FY2010," Company statement. Source: ST Engineering, 15-Feb-2010.