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.