• 1
  • Comment
  • Favorite

ST Engineering's Revenue Jumps 11% in Q1

MT Newswires05-18

ST Engineering's (SGX:S63) revenue climbed 11% in the first quarter of the year to SG$3.26 billion from SG$2.92 billion a year earlier, according to a Monday filing with the Singapore Exchange.

The strong revenue was driven by growth across all key segments.

The company bagged contracts worth SG$4.8 billion during the period, taking its overall order book as at March 31 to SG$34.5 billion.

Shares of the technology, defense and engineering group were up nearly 2% in Monday trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24