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ST Engineering's Q3 net profit rises 9.9% as revenue falls

Published Fri, Nov 6, 2015 · 09:50 PM

Singapore

NET profit for Singapore Technologies (ST) Engineering in the third quarter ended Sept 30, 2015, increased by 9.9 per cent to S$133.26 million from S$121.3 million a year ago.

However, its revenue fell 3.4 per cent to S$1.5 billion from the previous S$1.55 billion, pulled down by poor performance in its land systems and marine sectors.

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