ST Engineering H2 profit increases 3.8%
The board has approved a dividend policy to declare dividends every quarter instead of twice a year
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Singapore
FOR the second half of the financial year ended Dec 31, 2021, Singapore Technologies Engineering (ST Engineering) S63 reported a net profit of S$274.4 million, inching up 3.8 per cent year on year from S$264.4 million.
In its financial results released on Friday (Feb 25), the engineering heavyweight said that due to a "significant" reduction of non-taxable government support in H2 FY2021, its H2 net profit growth of 3.8 per cent was lower than its H2 pre-tax profit growth of 20.1 per cent on year. The pre-tax profit rose to S$297.8 million from S$248 million.
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