17-Feb-2017 9:08 AM

ST Engineering revenue increases but profit declines in 2016

ST Engineering revenue up 6% - financial highlights for the 12 months ended 31-Dec-2016:

  • Revenue: SGD6684 million (USD4841 million), +5.5% year-on-year;
  • EBIT: SGD471.1 million (USD341.2 million), -7.7%;
  • Net profit: SGD484.5 million (USD350.9 million), -8.4%;
  • Total assets: SGD8365 million (USD6058 million);
  • Bank balances and other liquid funds: SGD904.9 million (USD655.4 million);
  • Total liabilities: SGD5921 million (USD4288 million). [more - original PR]

*Based on the average conversion rate at SGD1 = USD0.724233

ST Engineering: "Barring unforeseen circumstances, the Group expects FY2017 Revenue to be comparable, while PBT is expected to be higher than that of FY2016." Source: Company statement, 16-Feb-2017.

Want More News Like This?

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