Singapore Technologies Engineering Ltd, an investment holding company, provides engineering and related services worldwide. It operates through four segments: Aerospace, Electronics, Land Systems, and Marine. The Aerospace segment provides maintenance and engineering services, such as airframe, engine, and component maintenance, repair, and overhaul services; engineering design and technical services; and aviation materials and management services, including total aviation support. The Electronics segment designs, develops, and integrates electronics and communications systems, such as broadband radio frequency and satellite communication, e-government solutions, information communications t...
ST Engineering Hub
1 Ang Mo Kio Electronics Park Road, No. 07-01
Founded in 1997
Singapore Technologies Engineering Ltd Announces Executive Changes
Jul 19 15
Singapore Technologies Engineering Ltd. announced that its P&CEO Tan Pheng Hock is on medical leave of absence. He had a mild stroke and was admitted to the hospital for observation. The duration of his medical leave could be about four weeks pending doctors' review of his condition and recommendations. In the interim, his executive duties and responsibilities are being covered by Lee Fook Sun, Deputy CEO who will oversee the business functions, and Vincent Chong, Deputy CEO (Corporate Development) who will continue to oversee corporate functions. Both Deputy CEOs are supported by a team of senior and experienced management staff within the Group.
Singapore Technologies Engineering Ltd Appoints Lim Sim Seng as an Independent Non-Executive Director with Effect from 15 May 2015
May 14 15
Singapore Technologies Engineering Ltd. announced the appointment of Mr. Lim Sim Seng as an independent non-executive Director of the company with effect from 15 May 2015. Mr. Lim, 56, is currently the Country Head, DBS Singapore and Chairman of DBS Vickers Securities Holdings Pte Ltd.
ST Engineering Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the First Half and Full Year 2015
May 13 15
ST Engineering reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of SGD 1,511,390,000 against SGD 1,551,755,000 a year ago. Profit from operations was SGD 110,065,000 against SGD 133,471,000 a year ago. Earnings before interest and tax were SGD 110.1 million, lower by 18% compared with the first quarter last year. Other income was SGD 20.8 million in first quarter this year compared with SGD 17.4 million the same quarter last year, due mainly to higher receipt from Wage Credit Scheme. Profit before tax was SGD 150.519 million against SGD 167.873 million a year ago. Net profit, at SGD 130 million, was 5% lower than last year. In terms of EBIT, the group is reporting lower EBIT by 18% compared with the same quarter last year. Earnings per share were 4.17 cents down from 4.41 cents previously. Profit attributable to shareholders of the company was SGD 129,971,000 against SGD 137,223,000 a year ago. Net cash from operating activities was SGD 303,601,000 against SGD 116,744,000 a year ago. Purchase of property, plant and equipment was SGD 47,449,000 against SGD 60,188,000 a year ago. Acquisition of other intangible assets was SGD 11,963,000 against SGD 12,162,000 a year ago.
For first half 2015, so barring unforeseen circumstances, the group expects the first half 2015 revenue to be comparable to first half last year, while PBT is expected to be lower when compared to the first half of last year.
The group expects full year 2015 revenue and PBT to be comparable to that of full year 2014.