ST Engineering - Land Systems: Results For The Quarter Ended 30 June 2012

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Land Systems: Results For The Quarter Ended 30 June 2012

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.

Land Systems
Higher profit before tax

FINANCIAL HIGHLIGHTS for the second quarter ended 30 June 2012

     

2012

2Q

2011

2Q

Growth %

2012

1Q

Growth %

Revenue ($m) 391 353 11 321 22
Earnings before interest and tax (EBIT) ($m) 24.4 29.6 (17) 25.0 (2)
Other income, net ($m) 7.6 3.0 149 2.6 194
Finance income/(costs), net ($m) (1.6) (4.5) 63 (4.7) 65
Profit before tax (PBT) ($m) 32.0 30.2 6 23.7 35
Profit attributable to shareholders ($m) 23.6 22.0 7 21.2 11

 

  • Economic Value Added for the first half of 2012 was $29.5 million

 

“We achieved comparable sales and PBT in 1H2012. We will continue to pursue new orders for our defence business and expand the range and market reach of our commercial products."

~ Sew Chee Jhuen, President

 

Land Systems 2Q2012 Unaudited Results

 

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

 

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