The Business Times
business-time-50

ST Engineering’s H2 net profit slips 7.1% on energy inflation, higher expenses, lower state support

google-preferred-sourceAdd BT as a preferred source
Raphael Lim
Yong Hui Ting

Raphael Lim &

Yong Hui Ting

Published Fri, Feb 24, 2023 · 08:31 AM
    • ST Engineering proposes a final dividend of S$0.04, to be paid on May 9.
    • ST Engineering proposes a final dividend of S$0.04, to be paid on May 9. PHOTO: BT FILE

    ST ENGINEERING’S net profit for the second half of the year ended Dec 31, 2022, fell 7.1 per cent to S$255 million from S$274.4 million, due to energy inflation, higher expenses from its unit, Transcore, and reduced government support, the group said on Friday (Feb 24).

    Revenue in H2 was, however, 17.9 per cent higher at S$4.8 billion, from S$4 billion in the same period a year earlier.

    Earnings per share for the full year fell to S$0.1718, from S$0.183 previously.

    ST EngineeringFinancial resultsSpotlight

    TRENDING NOW

    SIA said macroeconomic and geopolitical developments, including the Middle East conflict, continue to add uncertainty to the airline industry’s operating environment.

    SIA sinks into the red with S$76 million Q1 loss as fuel costs jump

    National Development Minister Chee Hong Tat noted that the public housing market has seen a moderation in resale flat prices over the past few quarters, following multiple rounds of cooling measures as resale prices surged.

    15-month wait-out curb lifted for private property owners buying HDB resale flats

    National Development Minister Chee Hong Tat says: “The best way is for the government to shape behaviours with the judicious use of market-based incentives, where possible.”

    ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land

    Norris Road in Little India. An operator of unlicensed money remittance services for migrant workers was sentenced to jail recently.

    A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More