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Higher Profits

FINANCIAL HIGHLIGHTS for the quarter ended 30 June 2012

 

2012

2Q

2011

2Q

Growth
%

2012

1H

2011

1H

Growth
%

Revenue ($m)

   1,570

 1,484

6

 3,111

  3,052

2

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

165.9

155.1

7

 311.4

284.3

10

Other income, net ($m)

18.6

 5.4

244

23.6

14.2

67

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

(6.1)

(4.8)

(27)

(11.6)

 (10.9)

(6)

Profit before tax (PBT) ($m)

187.8

166.9

13

 349.8

305.0

 15

Profit attributable to shareholders ($m)

143.1

  130.5

10

 277.5

241.6

 15

Earnings per share (cents)

     4.67

   4.29

9

 9.05

7.93

 14

 

  • Commercial sales constituted 65% or $1.0 billion of 2Q2012 revenue
  • Order book of $12.7 billion at end June 2012, of which about $2.5 billion is expected to be delivered in the second half of 2012
  • Cash and cash equivalents and short-term investments total $2.0 billion
  • Advance payments from customers total $1.8 billion
  • Economic value added for first half of 2012 was $199.2 million (1H2011: $172.8 million)

Group 2Q2012 Unaudited Results and ST Engineering Results Presentation 2Q2012

 

"The Group registered growth in Revenue, PBT and Net Profit of 6%, 13% and 10% respectively in 2Q2012 over 2Q2011. Compared to 1Q2012, PBT and Net Profit rose by 16% and 7% respectively. The Group's order book as at end of the quarter scaled an all time high of $12.7b.

Compared to 1H2011, 1H2012 Revenue grew modestly at 2% while PBT and Net Profit grew strongly at 15%. This is attributed to growth at the Aerospace, Electronics and Marine sectors.

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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