ST Engineering’s Q3 revenue up 9% to S$2.4 billion; interim dividend at S$0.04 per share

TECHNOLOGY and engineering group ST Engineering reported a 9 per cent increase in revenue to S$2.4 billion for the third quarter ended September, from S$2.2 billion a year prior.

On Friday (Nov 10), the mainboard-listed company also proposed a third-quarter interim dividend of S$0.04 per share, to be paid on Dec 1. This would bring the group’s dividends to date to S$0.12 per share, after a first-quarter and second-quarter dividend of S$0.04 each.

For the nine months ended September, ST Engineering’s revenue stood at S$7.3 billion, or 12 per cent higher than the S$6.5 billion for the same period a year ago. This was mainly driven by the group’s commercial aerospace segment, which reported a 30 per cent increase in contributions to S$2.8 billion from S$2.2 billion in the first nine months of FY2022.