ST Engineering's Profit Surges 20% in H2 2024

MT Newswires

02/27

Singapore Technologies Engineering's (SGX:S63) attributable profit to shareholders rose 20% for the second half of the year to SG$365.7 million from SG$305.9 million a year earlier, according to a filing with the Singapore Exchange on Thursday.

Revenue was up 10% year over year to SG$5.76 billion from SG$5.24 billion, driven by strong performances from the commercial aerospace division.

Analysts polled by Visible Alpha estimated revenue of SG$5.91 billion for the second half of the year.

The company declared a final dividend of SG$0.05 for the period, taking the total dividend to SG$0.17 per share for the year, compared to SG$0.16 in the year-ago period.

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