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ST Elect: Financial Results for 1st Half ended 30 June 1999
Date Published : 30/06/1999
News Type : Financial Results
For more information, contact : Wendy ONG | | | "Software Systems Group helped achieve better earnings
for half year" FINANCIAL HIGHLIGHTS
For the six months ended
30 June 1999 | | | 1999
First Half | 1998
First Half | Growth
% | | Turnover ($m) | 161 | 170 | (5) | Investment, interest and
other income ($m) | 3.3 | 4.6 | (28) | | Profit before tax ($m) | 12.2 | 10.7 | 13 | Profit attributable to
shareholders before EI ($m) | 8.2 | 7.4 | 11 | | Economic value added (EVA) ($m) | 3.5 | 3.0 | 15 |
- Turnover decreased 5% to $161 million
- Investment, interest and other income decreased 28% to $3.3 million
- PBT increased 13% to $12.2 million and net profit increased 11% to $8.2 million
- Economic value added (EVA) of $3.5 million in first half 1999, based on WACC of 9.9%
"Software Systems Group helped achieve better earnings for half year. We expect an
overall satisfactory performance at year end, riding on a steady project order book, and
more effective marketing of our own core products." Tien Sing Cheong, Chairman N.B.: All currencies are in Singapore dollars. |
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