ST Engineering's Q4 profit dips 1.1%; group to consolidate various brands

Singapore

SINGAPORE Technologies (ST) Engineering - which posted a marginal dip in net profit to S$168.49 million for the fourth quarter ended Dec 31, 2017 - is eyeing healthcare and medical technology as new areas for growth.

Even as the company strengthens its focus on its core business and expands its smart city business, it is exploring new growth areas and building adjacencies this year, said chief executive Vincent Chong at a briefing on Friday. As such, it is evaluating setting up a new business team to help develop new enterprises and ventures.