Aug 3, 2010

ST Engineering profit rises on aerospace, land units

Written by Bloomberg

Tuesday, 03 August 2010 17:49

Singapore Technologies Engineering, Asia’s biggest aircraft maintenance company, said second-quarter profit rose 14%, bolstered by higher revenue from its aerospace and land systems units.
Net income increased to $124 million, or 4.11 cents per share, in the three months ended in June, compared with $108.7 million, or 3.62 cents, a year earlier, the company said in a statement to the city’s stock exchange. Revenue climbed 8% to $1.52 billion.

Dividend : 3 cents