SINGAPORE Technologies Engineering (STE) on Friday posted a 2.4 per cent rise in net profit attributable to shareholders to S$137.2 million for the first quarter ended March 31, 2014, up from S$134 million a year go.
Revenue climbed marginally by 0.5 per cent from S$1.54 billion to S$1.55 billion for the quarter, of which 62 per cent or S$965 million came from commercial sales.
According to STE, higher revenue recorded by its marine sector (up 27 per cent or S$69 million) was largely offset by lower revenue from its electronics (down 13 per cent or S$55 million) and land systems (down six per cent or S$21 million) segments.
Earnings per share rose from 4.34 Singapore cents to 4.41 Singapore cents for the first quarter.
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