ST Engineering's Q3 profit slips 8%
Aerospace segment hit by weaker European ops, restructuring costs
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SINGAPORE Technologies Engineering (ST Engineering) posted a 7.7 per cent dip in net profit to S$121.3 million for the third quarter from S$131.4 million a year ago, largely due to weak European operations.
Revenue was flat at S$1.553 billion against S$1.55 billion a year earlier, on the back of lower revenue in the aerospace business which offset the 14 per cent higher revenue from the marine sector.
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