SINGAPORE (Aug 9): Singapore Technologies Engineering (ST Engineering) saw its earnings grow 10% to $117.5 million for the 2Q ended June, from $106.8 million a year ago.
This was largely attributable to higher profitability from the Aerospace and Electronics sectors, which saw 2Q18 net profit rise by 26% and 22%, respectively.
The improved performance from Aerospace was largely due to the gain on divestment of an associate, Airbus Helicopters Southeast Asia, as well as share of higher profits from associates and joint ventures.
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