ST Engineering - Land Systems: Results For The Quarter Ended 30 June 2014

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Land Systems: Results For The Quarter Ended 30 June 2014

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
“Lower profits due to lower revenue”

FINANCIAL HIGHLIGHTS for the second quarter ended 30 June 2014

 

2014

2Q

2013

2Q

Growth%

Revenue ($m)

297

394

(25)

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

16.3

32.2

(49)

Other income, net ($m)

1.3

1.7

(25)

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

(1.7)

(1.5)

(11)

Profit before tax (PBT) ($m)

18.2

33.6

(46)

Profit attributable to shareholders ($m)

19.1

26.2

(27)

 

  • Economic Value Added for the first half of 2014 was $11.9 million

 

“For 1H2014, we recorded lower sales and PBT due mainly to lower revenue and higher marketing and R&D expenses. Despite current weakness in defence export and demand for specialty vehicles, we will continue to pursue key defence programmes and specialty vehicles' sales in new and emerging markets.” 

~ Sew Chee Jhuen, President

 

Land Systems 2Q2014 Unaudited Results

 

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

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