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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.

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