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ST Engineering's Q4 profit up 36.2% at S$169.5m

It expects continued growth momentum in 2020 despite virus outbreak

Published Mon, Feb 24, 2020 · 09:50 PM
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Singapore

SINGAPORE Technologies Engineering (ST Engineering) posted a 36.2 per cent rise in its Q4 net profit on Monday and said that barring any changes to the Covid-19 situation from now till mid-year, "growth momentum is expected to continue".

Having said that, the company is not immune to a near-term slowdown if the virus takes a toll on global growth, said ST Engineering's president and chief executive officer (CEO) Vincent Chong at the FY2019 results briefing.

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