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ST Engineering's Q2 net profit up 1.8% to S$127m

Revenue rises 5.1% to S$1.62b; new subsidiary boosts aerospace revenue

Published Fri, Aug 12, 2016 · 09:50 PM

Singapore

SINGAPORE Technologies Engineering (ST Engineering) recorded a 1.8 per cent growth in its net profit to S$127.26 million for its financial second quarter ended June 30, 2016.

This came on the back of a 5.1 per cent increase in revenue to S$1.62 billion, ST Engineering said on Friday.

Earnings per share (EPS) was 4.10 Singapore cents, up from 4.01 Singapore cents one year ago. The company will pay out an interim dividend of five Singapore cents per ordinary share on…