ST Engineering's net profit rises marginally to $580.8 million
Published on Feb 27, 2014 6:15 PM
Singapore Technologies (ST) Engineering's net profit rose 0.8 per cent to $580.8 million for the 12 months to Dec 31.
Turnover grew 4 per cent to $6.6 billion over the same period, largely boosted by its marine sector, said the company on Thursday.
Revenue from its marine sector jumped 23 per cent to $1.24 billion, mainly due to higher shipbuilding activities from location operations.
The marine sector is one of four main business segments of ST Engineering, which also include aerospace, electronics and land systems.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here