ST Engineering posts 36% increase in 4Q earnings to S$170 mil on higher revenue

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SINGAPORE (Feb 24): ST Engineering reported earnings of S$169.5 million for 4QFY2019 ended December, some 36.2% higher than earnings of S$124.5 million a year ago. 

As a result, the group’s full-year earnings was lifted to S$577.9 million, a 16.9% increase from FY2018’s earnings of S$494.2 million.
Revenue for the quarter saw a 29% spike to S$2.29 billion from S$1.77 billion in 4QFY2018, due to stronger contributions across most of the group’s segments, as well as...(click on link for full story on