ST Engineering posts 4% revenue rise in Q1 2019

ST Engineering Aerospace has posted S$623 million (approximately $448 million) total revenue for the first three months of 2019 –  a 4% rise from the same period last year. Increases in revenue from component and engine overhauls, as well as engineering and materials services businesses, has led to the revenue increase, the firm has said.< The company's attributable net profit for the period increased 5.9% to S$62.7 million - with the bulk of the revenue coming from Asia, standing at 42%; with Europe and the US each contributing 25% to its revenue. However, ST Engineering did post a year-on-year drop