ST Elect: Financial Results for Full Year 1997 ended 31 December 1997
Date Published : 26/03/1998 News Type : Financial Results For more information, contact : Wendy ONG
" ST Elect Positions for Growth "
FINANCIAL HIGHLIGHTS For the year ended 31 December 1997
1997 $ m
1996 $ m
Growth %
Turnover
312
152
105
Profit before tax
19.6
10.4
89
Profit attributable to shareholders before EI
11.3
7.3
56
Economic Value Added (EVA)
3.7
0.4
825
Earnings per share (cents)
10.8
12.1
(11)
First set of results after acquisition of 4 companies in January 1997 and positioning as ST Elect Group
Turnover doubled to $312 million
Profit increased by 56% to $11.3 million
Net tangible assets backing per share is $0.68
A series of products launched, e.g. DigiSAFE, SuperNet, TrafficScan & SmartMove Plus
" We will see sustainable sales growth and increased profit for ST Elect in 1998, riding on our own system products in 4 areas viz. Traffic & Fleet Management, Intelligent Building Management, Integrated Communications Switches and Encryptors."
