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

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Land Systems: 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.

Land Systems
“Higher profits”

FINANCIAL HIGHLIGHTS for the second quarter ended 30 June 2013
     

2013

2Q

2012

2Q
Growth %

2013

1Q

Growth %
Revenue ($m) 394 391 1 348 13
Earnings before interest and tax (EBIT) ($m) 32.2 24.4 32 19.5 65
Other income, net ($m) 1.7 7.6 (77) 2.5 (29)
Finance income/(costs), net ($m) (1.5) (1.6) 7 (1.9) 19
Profit before tax (PBT) ($m) 34.1 32.0 7 21.5 59
Profit attributable to shareholders ($m) 26.2 23.6 11 21.3 23

 

  • Economic Value Added for the first half of 2013 was $30.5 million

 

“We achieved comparable sales and PBT in 1H2013 despite the challenging defence export environment and slowdown in China. We will continue to pursue new orders and expand the range and market presence of our products and services."

~ Sew Chee Jhuen, President

 

Land Systems 2Q2013 Audited Results

 

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

 

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