- Global
Results For The Year Ended 31 December 2016
|
FINANCIAL HIGHLIGHTS for the year ended 31 December 2016 |
|||
|
2016
|
2015
|
Growth %
|
|
|---|---|---|---|
| Revenue ($m) |
6,684
|
6,335
|
6 |
| Earnings before interest and tax (EBIT) ($m) |
471.1
|
510.3
|
(8) |
| Other income, net ($m) |
67.8
|
55.5
|
22 |
| Finance (costs)/income, net ($m) |
(12.0)
|
6.2
|
(292)
|
| Profit before tax (PBT) ($m) |
590.6
|
630.3
|
(6) |
| Profit attributable to shareholders ($m) |
484.5
|
529.0
|
(8) |
| Earnings per share (cents) |
15.60
|
17.05
|
(9) |
| Economic value added (EVA) ($m) |
252.4
|
355.1
|
(29) |
| Return on equity (%) |
22.2
|
24.8
|
NM |
| Dividend per share (cents) |
15.0
|
15.0
|
- |
| • Final |
10.0
|
10.0
|
|
| • Interim |
5.0
|
5.0
|
|
- Commercial sales constituted 65% or $4.3b of revenue
- Order book of $11.6b at end December 2016, of which about $3.7b is expected to be delivered in 2017
- Cash and cash equivalents including funds under management totalled $1.4b
- Advance payments from customers totalled $1.5b
- Economic value added for FY2016 was $252.4m
“As a Group we achieved a commendable performance for FY2016, against headwinds that continue to subdue economic growth. Comparing FY2016 against FY2015, Group revenue grew 6% to $6.68b, and Group PBT and Net Profit came in lower at $590.6m and $484.5m respectively mainly as a result of the one-off charge in 3Q2016 for the Land Systems sector’s Specialty Vehicle business in China. Excluding the one-off charge, Group PBT and Net Profit for FY2016 would have been comparable to that in FY2015.
For 4Q2016, the Group posted comparable Revenue with a higher PBT compared to the same quarter last year. At the end of 2016, the order book showed a healthy level of $11.6b. The Group’s cash and cash equivalents including funds under management at the end of FY2016 was at $1.4b.
Barring unforeseen circumstances, the Group expects FY2017 Revenue to be comparable, while PBT is expected to be higher than that of FY2016.” - President & CEO, ST Engineering
N.B.: All currencies are in Singapore dollars