ST Engineering - 11% Year-on-Year Increase in 3Q2012 PBT

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11% Year-on-Year Increase in 3Q2012 PBT

FINANCIAL HIGHLIGHTS for the quarter ended 30 September 2012

 

2012

3Q

2011

3Q

Growth
%

2012

9M

2011

9M

Growth
%

Revenue ($m)

   1,542

 1,395

11

 4,653

  4,446

5

Earnings before interest and tax (EBIT) ($m)

167.6

153.1

9

 479.0

  437.4

10

Other income, net ($m)

6.3

 8.4

(25)

30.0

22.6

33

Finance income/
(costs), net ($m)

1.3

(6.1)

121

(10.3)

 (17.1)

40

Profit before tax (PBT) ($m)

184.7

165.9

11

534.6

 470.9

 14

Profit attributable to shareholders ($m)

146.4

  133.8

9

 424.0

 375.4

 13

Earnings per share (cents)

     4.77

   4.39

9

 13.82

 12.31

 12

 

  • Commercial sales constituted 65% or $1.0 billion of 3Q2012 revenue
  • Order book of $12.5 billion at end September 2012, of which about $1.4 billion is expected to be delivered in the last quarter of 2012
  • Cash and cash equivalents including funds under management totalled
    $2.0 billion
  • Advance payments from customers totalled $1.7 billion

Group 3Q2012 Unaudited Results and ST Engineering Results Presentation 3Q2012

 

"Both the Group Revenue and PBT grew by about 11% and Net Profit improved 9% to $146.4m compared to 3Q2011. The Group registered 5% Revenue growth for 9M2012 over 9M2011. PBT and Net Profit grew stronger at 14% and 13% respectively. The Group's order book as at end September was a healthy $12.5b.

Barring unforeseen circumstances, the Group expects to achieve higher Revenue and PBT for FY2012 over FY2011."

 ~ TAN Pheng Hock, President & CEO


N.B.: All currencies are in Singapore dollars

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