ST Engineering’s Q3 revenue up 9% to S$2.4 billion; interim dividend at S$0.04 per share
TECHNOLOGY and engineering group ST Engineering : S63 0% reported a 9 per cent increase in revenue to S$2.4 billion for the third quarter ended September, from S$2.2 billion a year prior.
On Friday (Nov 10), the mainboard-listed company also proposed a third-quarter interim dividend of S$0.04 per share, to be paid on Dec 1. This would bring the group’s dividends to date to S$0.12 per share, after a first-quarter and second-quarter dividend of S$0.04 each.
For the nine months ended September, ST Engineering’s revenue stood at S$7.3 billion, or 12 per cent higher than the S$6.5 billion for the same period a year ago. This was mainly driven by the group’s commercial aerospace segment, which reported a 30 per cent increase in contributions to S$2.8 billion from S$2.2 billion in the first nine months of FY2022.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama