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ST Elect: Financial Results for Full Year 1999 ended 31 December 1999
Date Published : 25/01/2000
News Type : Financial Results
For more information, contact : Wendy ONG | | | "ST Elect achieved better overall earnings"FINANCIAL HIGHLIGHTS
For the year ended
31 December 1999 | | | 1999 | 1998 | Growth
% | | Turnover ($m) | 362 | 338 | 7 | Investment, interest and
other income ($m) | 7.1 | 9.3 | (24) | | Profit before tax ($m) | 28.2 | 16.2 | 75 | Profit attributable to
shareholders before EI ($m) | 15.3 | 9.2 | 67 | Economic Value Added (EVA)
($m) | 12.6 | 6.1 | 107 |
- Turnover increased 7% to $362 million
- Investment, interest and other income decreased 24% to $7.1 million
- PATMI increased 67% to $15.3 million
- Economic value added (EVA) of $12.6 million based on WACC of 9.9%
"We expect to continue to improve our FY2000's performance riding on a firm order book and better regional economic conditions. We will also be focusing on new Broadband Communications & Internet-related products and activities, particularly in Information Security, Microwave Transceivers, which we expect will help generate strong business growth over the medium-term." Soo Kok Leng, Chairman N.B.: All currencies are in Singapore dollars. |
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