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ST Engineering's Q1 earnings dip 5.3%

Singapore

ST ENGINEERING reported a 5.3 per cent year-on-year slide in net profit to S$129.97 million for the first quarter ended March 31, 2015, impacted by headwinds in its US shipbuilding operations.

Revenue for the quarter dipped 2.6 per cent to S$1.51 billion due to lower