ST Engineering - Steady Performance with Record Order Book of $13 billion

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Steady Performance with Record Order Book of $13 billion

 

FINANCIAL HIGHLIGHTS for the quarter ended 31 March 2013

 

2013

1Q

2012

1Q

Growth
%

2012

4Q

Growth
%

Revenue ($m)

1,545

 1,541

-

 1,727

(11)

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

143.2

145.5

(2)

179.0

(20)

Other income, net ($m)

9.4

5.0

87

13.3

(29)

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

(1.4)

(5.5)

73

(8.4)

82

Profit before tax (PBT) ($m)

162.1

162.0

-

188.5

 (14)

Profit attributable to shareholders ($m)

134.0

134.4

-

 152.3

 (12)

Earnings per share (cents)

4.34

4.39

(1)

4..96

 (13)

 

  • Commercial sales constituted 64% or $993m of revenue
  • Order book of $13.0b at end March 2013, of which about $3.6b is expected to be delivered in the remaining months of 2013
  • Cash and cash equivalents including funds under management totalled
    $2.5b
  • Advance payments from customers totalled $2.0b

Group 1Q2013 Unaudited Results and ST Engineering Results Presentation 1Q2013

 

"The Group's Revenue and Profits of 1Q2013 were comparable with the corresponding quarter of 2012.

The Group successfully secured new orders from our diverse range of customers to register a record order book of $13.0b at the end of the first quarter of 2013. We continue to build on the Group's robust financial position with improved cash and cash equivalents including funds under management of $2.5b.

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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