Defence contractor ST Engineering posted a 1% fall in full-year earnings to $529 million, or 17.05 cents, from $532 million a year ago.
Earnings before interest and tax (EBIT) fell 8% to $510.3 million while revenue fell 3% to $6.3 billion from the previous year.
In FY2015, revenue and profit before tax (PBT) for Aerospace sector were comparable at $2.09 billion and $290.6 million respectively.
Revenue for Electronics sector was up 8% at $1.71 billion compared to $1.58 billion while PBT of $191.0 million was comparable.
The Land Systems sector posted comparable revenue of $1.40 billion with higher PBT of $65.million, up 16% from $56.2 million mainly due to lower allowance for inventory obsolescence and lower goodwill impairment.
The Marine sector posted revenue of $0.96 billion, down 29% from $1.34 billion and PBT of $88.3 million, down 28% from $122.8 million due to weaker shipbuilding performance from both Singapore and US operations.
In the 4Q ended Dec, the group posted revenue of $1.78 billion compared to $1.85 billion in the same period last year.
Comparing against a year ago, group PBT and net profit were comparable at $166.6 million and $140.8 million respectively.
ST Engineering says it has an order book of $11.7 billion at end December 2015, of which about $3.8 billion is expected to be delivered in 2016.
The directors have recommended a dividend per share of 15.0 cents, unchanged from a year ago.
The counter closed 1.44% higher at $2.81 on Thursday.
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Earnings before interest and tax (EBIT) fell 8% to $510.3 million while revenue fell 3% to $6.3 billion from the previous year.
In FY2015, revenue and profit before tax (PBT) for Aerospace sector were comparable at $2.09 billion and $290.6 million respectively.
Revenue for Electronics sector was up 8% at $1.71 billion compared to $1.58 billion while PBT of $191.0 million was comparable.
The Land Systems sector posted comparable revenue of $1.40 billion with higher PBT of $65.million, up 16% from $56.2 million mainly due to lower allowance for inventory obsolescence and lower goodwill impairment.
The Marine sector posted revenue of $0.96 billion, down 29% from $1.34 billion and PBT of $88.3 million, down 28% from $122.8 million due to weaker shipbuilding performance from both Singapore and US operations.
In the 4Q ended Dec, the group posted revenue of $1.78 billion compared to $1.85 billion in the same period last year.
Comparing against a year ago, group PBT and net profit were comparable at $166.6 million and $140.8 million respectively.
ST Engineering says it has an order book of $11.7 billion at end December 2015, of which about $3.8 billion is expected to be delivered in 2016.
The directors have recommended a dividend per share of 15.0 cents, unchanged from a year ago.
The counter closed 1.44% higher at $2.81 on Thursday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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