ST Engineering's Q1 profit up 11% at S$131.1m

Singapore

ST ENGINEERING'S first-quarter net profit increased 11 per cent to S$131.1 million from S$117.7 million in the year ago period, on improved US shipbuilding performance in its marine sector and increased profits in aerospace and electronics.

Earnings per share was 4.20 Singapore cents compared to 3.78 Singapore cents in the prior year. No dividend was recommended for the quarter, same as the year-ago period.