ST Engineering - Marine: Results For The Year Ended 31 December 2012

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Marine: Results For The Year Ended 31 December 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
“Steady Performance”

FINANCIAL HIGHLIGHTS for the year ended 31 December 2012

 

2012

2011

Growth%

Revenue ($m)

1,011

877

15

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

122.2

110.5

11

Other income, net ($m)

6.1

7.3

(17)

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

(2.0)

2.4

(183)

Profit before tax (PBT) ($m)

127.8

121.8

5

Profit attributable to shareholders ($m)

95.0

91.5

4

Economic value added (EVA) ($m)

91.4

81.0

13


 
“In 2012, the Marine sector added the Royal Navy of Oman's patrol vessel contract and two offshore support vessel contracts into its order book, which will keep the yards busy.

We will continue to roll out new naval products, focusing on delivering total solutions including system integration and logistics services.

We will seek new build as well as conversion contracts targeting at the burgeoning offshore oil and gas industry."

~ Ng Sing Chan, President

 

Marine FY2012 Audited Results

 

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

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