LETTER TO SHAREHOLDERS Dear Shareholders, ST Engineering did well in 2024. Each of our three segments — Commercial Aerospace, Defence & Public Security and Urban Solutions & Satcom — did its part. This was further augmented by continuous improvement, increasing productivity and strict cost discipline, thereby reducing the ratio of operating expenses over revenue. TEO MING KIAN CHAIRMAN VINCENT CHONG GROUP PRESIDENT & CEO Group Net Profit increased 20% to reach a new high of $702m 4 ST ENGINEERING | ANNUAL REPORT 2024
RkJQdWJsaXNoZXIy ODIwNTc=