ST Engineering Q12015 results

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By TESTCustomwebLP TESTCustomwebLP May 13, 2015 10:55

ST Engineering Q12015 results

Singapore Technologies Engineering (ST Engineering) posted revenue of $1.51b compared to $1.55b a year ago for the first quarter of 2015.  Quarterly Profit before tax (PBT) for the Group was $150.5m, a 10% drop compared to $167.9m in the same period a year ago.  Quarterly Net Profit came in comparable at $130m against the same period a year ago.

At the business sector level, the Aerospace sector posted comparable quarterly revenue and PBT of $489m and $71.4m respectively.

The Aerospace sector announced contracts worth about $298m that included  a  five-year Maintenance-By-the-Hour (MBH) agreement for nine 737NG aircraft, heavy maintenance contracts, aircraft interior modification of two 737 aircraft, landing gear overhaul and exchange contracts, as well as a five-year agreement with a Middle Eastern customer for a Multi-crew Pilot License programme.

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By TESTCustomwebLP TESTCustomwebLP May 13, 2015 10:55