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ST Engg's Q1 earnings down 15.2%

Higher sales from aerospace and electronics divisions help lift revenue 7.7% to S$1.63b

Published Fri, May 13, 2016 · 09:50 PM

Singapore

UNFAVOURABLE headwinds in the shipbuilding sector and a slowdown in China resulted in Singapore Technologies Engineering (ST Engg) posting a 15.2 per cent fall in first-quarter net profit attributable to shareholders. This was despite a growth in revenue.

For the quarter ended March 31, 2016, ST Engg's profit attributable to shareho…