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ST Engineering's Q2 profit falls 10% to S$133m

Pre-tax earnings of group's aerospace sector drop 9 per cent
Thursday, August 14, 2014 - 06:00
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SINGAPORE Technologies Engineering (ST Engineering) reported a 10 per cent year-on-year slide in its second-quarter net profit to S$133.16 million as revenue dipped slightly and costs edged upwards - PHOTO: SINGAPORE TECHNOLOGIES ENGINEERING

SINGAPORE Technologies Engineering (ST Engineering) reported a 10 per cent year-on-year slide in its second-quarter net profit to S$133.16 million as revenue dipped slightly and costs edged upwards. Revenue slipped 0.7 per cent to S$1.59 billion as a 25 per cent drop in revenue from its land