ST Engineering posts 17.8% higher 1Q earnings of S$117.7 mil on higher sales

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SINGAPORE (May 11): ST Engineering reported a 17.8% rise in 1Q18 earnings to S$117.7 million, from S$99.9 million a year ago in 1Q17.

Revenue for the quarter came in 9% higher at S$1.65 billion, from S$1.51 billion a year ago, mainly attributable to higher revenue contribution from the group’s Aeropace, Electronics and Land Systems sectors, but partially offset by lower contribution from its Marine and Others sectors.

The Aerospace sector saw revenue climb 9% y-o-y to S$599 million, as all business groups contributed to the improved performance, especially from...(click on link for full story on theedgesingapore.com)