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

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Marine: 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.

Marine

“Lower profits”

FINANCIAL HIGHLIGHTS for the second quarter ended 30 June 2014

 

2014

2Q

2013

2Q

Growth%

Revenue ($m)

348

311

12

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

21.2

33.0

(36)

Other income, net ($m)

1.4

1.8

(23)

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

1.4

0.6

154

Profit before tax (PBT) ($m)

24.7

35.7

(31)

Profit attributable to shareholders ($m)

20.8

28.7

(28)

 

  • Economic Value Added for the first half of 2014 was $38.7 million

 

“The lower profit in 2Q2014 was due mainly to weaker Shipbuildiing performance from the US operations.

We will continue to focus on building our order book for the years ahead.” 

~ Ng Sing Chan, President

 

Marine 2Q2014 Unaudited Results

 

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

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