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ST Engineering's Q2 net profit up 1.8% to S$127m

Revenue rises 5.1% to S$1.62b; new subsidiary boosts aerospace revenue

CHINA REVIEW: Mr Tan said the company completed its divestment of Guizhou Jonyang Kinetics in the quarter, as part of the land systems sector's review of its speciality vehicle business in China.


SINGAPORE Technologies Engineering (ST Engineering) recorded a 1.8 per cent growth in its net profit to S$127.26 million for its financial second quarter ended June 30, 2016.

This came on the back of a 5.1 per cent increase in revenue to S$1.62 billion, ST Engineering