Loading
10-Nov-2010 11:30 AM

ST Aerospace profits down in 3Q2010, full-year profit expected to be higher

ST Engineering revenue up 10% - financial highlights for the three months ended 30-Sep-2010:

  • Revenue*: USD1151 million, +10% year-on-year;
  • Operating profit: USD121.8 million, +15%;
  • Profit before tax: USD123.6 million, +7%;
  • Net profit: USD100.7 million, +8%;
  • Total assets: USD5372 million, +0.8% when compared with the period ended 31-Dec-2009;
  • Cash and cash equivalents and short-term investments: USD1260 million;
  • Total liabilities: USD4120 million, +2.2% when compared with the period ended 31-Dec-2009. [more]

*Based on the conversion rate at USD1 = SGD1.29245

ST Engineering: “Barring unforeseen circumstances, the Group expects to achieve higher turnover and PBT for FY2010 over FY2009,” Tan Pheng Hock, President and CEO. Source: ST Engineering, 09-Nov-2010.

ST Engineering: “For the Aerospace and Electronics sector, FY2010 turnover is expected to be comparable, whilst PBT is expected to be higher than that of FY2009,” Company statement. Source: ST Engineering, 09-Nov-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More