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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%;
  • 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]

*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.

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