ST Engineering Q2 net profit rises 3%
SINGAPORE -- Singapore Technologies Engineering, a defense contractor and aircraft maintenance company, said Tuesday second-quarter net profit rose 3 per cent because of improved profitability in its electronics, marine and land systems business, the Dow Jones news agency reported.
SINGAPORE -- Singapore Technologies Engineering, a defense contractor and aircraft maintenance company, said Tuesday second-quarter net profit rose 3 per cent because of improved profitability in its electronics, marine and land systems business, the Dow Jones news agency reported.
Net profit for the three months ended June was S$147.9 million compared with S$143.1 million a year earlier, the company said in a statement.
Revenue rose 2 per cebt to S$1.6 billion from S$1.57 billion.
Singapore Technologies will pay an interim ordinary dividend of 3 Singapore cents a share, it said.
The company said it expects to achieve higher revenue and profit before tax this year compared with last year, barring unforeseen circumstances.
Stay in the know. Anytime. Anywhere.
Subscribe to get daily news updates, insights and must reads delivered straight to your inbox.
By clicking subscribe, I agree for my personal data to be used to send me TODAY newsletters, promotional offers and for research and analysis.
