ST Engineering - Net Profit Grew 9% in FY2012

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Net Profit Grew 9% in FY2012

FINANCIAL HIGHLIGHTS for the year ended 31 December 2012 

 

2012

2011

Growth%

Revenue ($m)

6,380

5,991

6

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

658.0

607.7

8

Other income, net ($m)

43.2

32.3

34

Finance costs, net ($m)

(18.7)

(19.4)

4

Profit before tax (PBT) ($m)

723.1

655.2

10

Profit attributable to shareholders ($m)

576.2

527.5

9

Earnings per share (cents)

18.76

17.28

9

Economic value added (EVA) ($m)

437.9

405.0

8

Return on equity (%)

30.4

29.9

NM

Dividend per share (cents)

  • Final

           - Ordinary

           - Special

  • Interim – Ordinary

16.80

13.80

4.00

9.80

3.00

15.50

12.50

4.00

8.50

3.00

8

 

  • Commercial sales constituted 63% or $4.0 billion of revenue
  • Order book of $12.1 billion at end December 2012, of which about
    $4.3 billion is expected to be delivered in 2013
  • Cash and cash equivalents, short-term investments and bonds total $2.1 billion
  • Advance payments from customers total $1.7 billion 
"The Group Revenue grew 6% over FY2011 to $6.38b, with increased revenue from commercial customers contributing 63% of the Group Revenue. PBT improved by 10% and Net Profit grew by 9% respectively. Year-on-Year EBITDA growth of 7% reflected the Group's continued efforts in developing new capabilities and achieving productivity improvements. The year ended with the Group's order book at a healthy $12.1b and a strong cash and cash equivalent balance of $2.1b.
Barring unforeseen circumstances, the Group expects to achieve higher Revenue and PBT for FY2013 compared to FY2012."
 ~ TAN Pheng Hock, President & CEO


N.B.: All currencies are in Singapore dollars
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