ST Engineering closes H1 on positive note

Singapore Technologies Engineering (ST Engineering) reported a revenue of $4.86bn, in the first six months (H1) of 2023, about 14% higher year-on-year (y-o-y) driven by higher contributions from all its three business segments.   The company reported group profit before tax (PBT) and group profit attributable to shareholders (Net Profit) at $351m and $281m respectively. In the same period last year, commercial aerospace segment recorded a one-off pension restructuring gain of $72 million. The commercial aerospace segment of ST Engineering reported revenue of $1.86 bn, with a rise of 32% from $1.40 bn recorded same time last year. Despite a 3%