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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.

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