ST Engineering - Higher EBIT Compared to 2Q2012

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Higher EBIT Compared to 2Q2012

 

FINANCIAL HIGHLIGHTS for the quarter ended 30 June 2013

 

2013

2Q

2012

2Q

Growth
%

2013

1H

2012

1H

Growth
%

Revenue ($m)

1,597

 1,570

2

 3,142

  3,111

1

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

177.7

165.9

7

320.9

311.4

3

Other income, net ($m)

5.2

18.6

(72)

14.6

23.6

(38)

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

(6.0)

 (6.1)

2

(7.4)

 (11.6)

35

Profit before tax (PBT) ($m)

189.3

187.8

1

 351.4

349.8

 -

Profit attributable to shareholders ($m)

147.9

143.1

3

 281.9

 277.5

 2

Earnings per share (cents)

4.78

4.67

2

9.11

 9.05

 1

 

  • Commercial sales constituted 62% or $1.0 billion of 2Q2013 revenue
  • Order book of $12.7 billion at end June 2013, of which about $2.8 billion is expected to be delivered in the second half of 2013
  • Cash and cash equivalents including funds under management totalled
    $2.1 billion
  • Advance payments from customers totalled $1.9 billion
  • Economic value added for first half of 2013 was $182.0 million (1H2012: $199.2 million)

Group 2Q2013 Unaudited Results and ST Engineering Results Presentation 2Q2013

 

"The Group's EBIT increased by 7% and Net Profit grew 3%, while Revenue was comparable to 2Q2012.

1H2013 Revenue was comparable to 1H2012, while Net Profit grew 2%. The Group continued to secure new orders and ended the period with a strong order book of $12.7b and cash and cash equivalents including funds under management remained high at $2.1b after payment of final dividends for FY2012 of $428m.

The Board of Directors has approved the payment of an interim ordinary dividend of 3 cents per share, payable on 13 September 2013.

Barring unforeseen circumstances, the Group expects to achieve higher Revenue and PBT for FY2013 compared to FY2012."

 ~ TAN Pheng Hock, President & CEO


N.B.: All currencies are in Singapore dollars

 

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