ST Engineering - Net Profit Growth of 21% Compared to 1Q2011

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Net Profit Growth of 21% Compared to 1Q2011

 

FINANCIAL HIGHLIGHTS for the quarter ended 31 March 2012

 

2012

1Q

2011

1Q

Growth
%

2011

4Q

Growth
%

Revenue ($m)

1,541

 1,567

(2)

 1,545

-

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

145.5

129.2

13

170.2

(15)

Other income, net ($m)

5.0

8.7

(43)

9.7

(48)

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

(5.5)

(6.1)

11

(2.3)

(141)

Profit before tax (PBT) ($m)

162.0

138.0

17

184.3

 (12)

Profit attributable to shareholders ($m)

134.4

111.1

21

 152.1

 (12)

Earnings per share (cents)

4.39

3.65

20

4.98

 (12)

 

  • Commercial sales constituted 60% or $930 million of revenue
  • Order book of $12.2 billion at end March 2012, of which about $3.2 billion is expected to be delivered in the remaining months of 2012
  • Cash and cash equivalents and short-term investments total $2.25 billion

Group 1Q2012 Unaudited Results and ST Engineering Results Presentation 1Q2012

 

"The Group registered higher profits in the first quarter of this year over the corresponding quarter of 2011. While Revenue was flat at $1.54 billion, margin improved with PBT and Net Profit rising by 17% and 21% to $162.0 million and $134.4 million respectively. EBIT increased 13%, reflecting robust operating performance in the business units. The Group generated good operating cash flow of $547 million and ended the quarter with a strong order book of $12.2 billion.

Barring unforeseen circumstances, the Group expects to achieve higher Revenue and PBT for FY2012 compared to FY2011."

 ~ TAN Pheng Hock, President & CEO


N.B.: All currencies are in Singapore dollars

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