ST Engineering - Electronics: Results For The Quarter Ended 30 June 2013

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Electronics: Results For The Quarter Ended 30 June 2013

Details on how the business of the Sector is managed and its related performance are set out below. This information is given on a voluntary basis and from the perspective of the Sector management, as its disclosure is not required by law or regulation.

Electronics
Higher Profit in 2Q2013

FINANCIAL HIGHLIGHTS for the second quarter ended 30 June 2013

     

2013

2Q

2012

2Q

Growth %

2013

1Q

Growth %

Revenue ($m) 362 362 433 (16)
Earnings before interest and tax (EBIT) ($m) 42.9 41.8 3 32.5 32
Other income, net ($m) 0.1 0.6 (83) 1.3 (91)
Finance income/(costs), net ($m) 4.6 (0.4) >500 (0.2) >500
Profit before tax (PBT) ($m) 47.3 41.8 13 33.3 42
Profit attributable to shareholders ($m) 37.1 31.3 18 29.1 28

 

  • Economic Value Added for the first half of 2013 was $42.0 million

“In 2Q2013, the Electronics sector secured various contracts in rail electronics, satcoms & communication systems. ST Electronics is well-positioned, with our full suite of solutions, to address the market demand in urban transit and high-bandwidth, high-performance satellite communication systems."

~ Lee Fook Sun, President

 

Electronics 2Q2013 Unaudited Results

N.B.: All currencies are in Singapore dollars.

 

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