ST Engineering H1 earnings up 19.7% at S$402.8 million on back of defence demand in Europe, Middle East
The technology, defence and engineering group declares an interim dividend of S$0.04 per share for Q2, to be paid on Sep 5
[SINGAPORE] Singapore Technologies Engineering (ST Engineering) on Thursday (Aug 14) posted a 19.7 per cent increase in net profit to S$402.8 million for the first half-year ended June, up from S$336.5 million in the year-ago period.
This was driven by revenue growth, primarily from its commercial aerospace, and also its defence and public-security business segments, despite negative impact from foreign currency exchange and the US tariffs.
Earnings per share rose in tandem to S$0.1293 for H1, up from S$0.108 previously.
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