ST Engineering ends first half-year financial report with $533 million cash

ST Engineering reported an increase of 17% in the Group revenue on a year-on-year basis to $4.27bn from $3.65bn in its first half-year financial results ended 30 June 2022 (1H2022). The group attributed this growth to all business segments. The Group reported its profit before tax to be $351.1 million a sharp 3% rise from last year’s $339.8 million. The revenue from Aerospace MRO and Aerostructure & Systems sub-segments was 1.14bn, an increase of 24% from last year’s figure of $1.40 bn. This increase was driven by the increased MRO service and nacelles delivery. Comparing 2Q2022 to the same period