ST Engineering posts 9.9% rise in Q3 profit

SINGAPORE Technologies (ST) Engineering's net profit for the third quarter ended Sept 30, 2015, rose 9.9 per cent to S$133.26 million from S$121.3 million a year ago.

Revenue, however, dipped 3.4 per cent to S$1.5 billion, as growth in its land systems and marine sectors fell 11 per cent and 39 per cent respectively, to S$319 million and S$205 million.

These were partially offset by higher revenue from the electronics and aerospace sectors, up 21 per cent to S$429 million and up 8 per cent to S$506 million respectively.

Earnings per share came to 4.29 Singapore cents, up from 3.89 Singapore cents in Q3 2014.

No interim dividend for the quarter was declared.