4-Aug-2010 11:34 AM
ST Engineering revenue up 7.7% in 2Q2010
Singapore Technologies Engineering Limited reports (03-Aug-2010) the following financial highlights:
- Jun-2010:
- Revenue*: USD1124.2 million, +7.7% year-on-year;
- Aerospace: USD371.1 million, +1%;
- Electronics: USD233 million, -10%;
- Land Systems: USD301.5 million, +52%;
- Costs: USD894.4 million, +7.7%;
- Net profit: USD91.9 million, +14.1%;
- Revenue*: USD1124.2 million, +7.7% year-on-year;
- Six months ended Jun-2010:
- Revenue: USD2132.3 million, +5.6%;
- Aerospace: USD699.6 million, -1.2%;
- Electronics: USD498.7 million, -1.6%;
- Land Systems: USD497.9 million, +30.5%;
- Costs: USD1703 million, +4.8%;
- Net profit: USD160.6 million, +11.8%. [more]
- Revenue: USD2132.3 million, +5.6%;
*Based on the conversion rate at USD1 = SGD1.35
ST Engineering Ltd: "Barring unforeseen circumstances, the group expects to achieve higher turnover and PBT in 2H2010 compared to 1H2010; and higher turnover and PBT in FY2010 over FY2009." Source: Company statement, 03-Aug-2010.