- Global
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”
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FINANCIAL HIGHLIGHTS for the second quarter ended 30 June 2013 |
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| |
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."
Electronics 2Q2013 Unaudited Results
N.B.: All currencies are in Singapore dollars.