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ST Elect: Financial Results for Full Year 1998 ended 31 December 1998
Date Published : 31/12/1998
News Type : Financial Results
For more information, contact : Wendy ONG | | | "ST Elect affected by regional economic conditions"FINANCIAL HIGHLIGHTS
For the year ended
31 December 1998 | | 1998 | 1997 | Growth | | | | % | | | | | | Turnover ($m) | 338 | 312 | 8 | | Investment, interest and other income ($m) | 12.4 | 9.0 | 38 | | Profit before tax ($m) | 16.2 | 19.6 | (18) | | Profit attributable to Shareholders before EI ($m) | 9.2 | 11.3 | (19) | | Economic value added (EVA) ($m) | 6.1 | 3.7 | 63 |
- Turnover increased 8% to $338 million
- Investment, interest and other income increased 38% to $12.4 million
- Profit decreased 19% to $9.2 million
- Economic value added (EVA) increased 63% to $6.1 million
"We expect an improved performance in 1999, riding on our robust order book
and the commercialisation of our own system products in Information Security
and Radio Frequency Identification (RFID) applications"
Tien Sing Cheong ,ChairmanNB: All currencies are in Singapore dollars |
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