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

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Marine: 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.

Marine
Higher Profits

FINANCIAL HIGHLIGHTS for the second quarter ended 30 June 2012

     

2012

2Q

2011

2Q

Growth %

2012

1Q

Growth %

Revenue ($m) 277 258 7 244 14
Earnings before interest and tax (EBIT) ($m) 33.1 25.7 29 27.0 23
Other income, net ($m) 1.2 1.5 (17) 1.3 (7)
Finance income/(costs), net ($m) (3.1) 0.9 (456) 0.4 (NM)
Profit before tax (PBT) ($m) 31.6 28.5 11 29.1 9
Profit attributable to shareholders ($m) 21.6 20.4 6 21.5 1

 

  • Economic Value Added for the first half of 2012 was $39.6 million

 

“The Marine sector's focus to provide total naval solutions for our customers had yielded the recent contract from The Royal Navy of Oman."

~ Ng Sing Chan, President

 

Marine 2Q2012 Unaudited Results

 

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

 

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