ST Engineering 3Q2009 revenue down 2.2%, profit before tax up 6.6%

ST Engineering revenue down 2% - financial highlights for the three months ended 30-Sep-2009;

• Revenue: USD965.7 million, -2.2% year-on-year;
  • Aerospace: USD337.1 million, -5.7%;
• Cost of sales: USD749.6 million, -4.8%;
  • Aerospace: USD272.4 million, -6.6%;
• Profit before tax, other income and financial expenses: USD101.0 million, +6.6%;
  • Aerospace: USD46.2 million, -1.9%;
• Operating profit before tax: USD106.5 million, +3.3%;
  • Aerospace: USD50.1 million, -3.4%;
• Net profit: USD85.9 million, -6.7%;
  • Aerospace: USD41.3 million, -6.2%. [more]

*Based on the conversion rate at USD1 = SGD1.40

ST Engineering: "Barring unforeseen circumstances, the Group expects to achieve comparable turnover and PBT in FY2009 compared to that of FY2008. For Aerospace sector, FY2009 turnover is expected o be comparable, whilst PBT is expected to be lower than that of FY2008," Company statement. Source: ST Engineering, 03-Nov-2009.