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ST Engineering Q2 profit falls 12% but revenue rises 8%

Published Fri, Aug 11, 2017 · 09:50 PM

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Singapore

SINGAPORE Technologies Engineering (ST Engineering) on Friday reported a 12 per cent decline in net profit to S$111.5 million for the second quarter ended June 30, 2017.

This came on the back of losses incurred in the marine sector and a lack of divestment gain on a subsidiary in the land systems division.

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