Singapore Technologies Engineering (ST Engineering) has reported a steady performance for its third quarter ended 30 September 2013. 3Q2013 Group revenue was S$1.55bn compared to the prior year revenue of S$1.54b for the same period. Group profit before tax (PBT) declined 8% year-on-year to S$170.3m and net profit after tax (Net profit) dropped 10% to $131.4m, compared to the same period last year. This quarter saw an impairment charge in the Marine sector of S$23.7m for ROPAX and this was partially offset by write-back of warranty provisions of $14.4m that were no longer required. The Aerospace sector posted comparable revenue

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In