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ST Engineering reports 2% fall in FY18 earnings to $494 mil

PC Lee
PC Lee2/21/2019 07:39 AM GMT+08  • 2 min read
ST Engineering reports 2% fall in FY18 earnings to $494 mil
SINGAPORE (Feb 21): ST Engineering reported a 26% drop in 4Q18 earnings to $124.5 million from a year ago.
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SINGAPORE (Feb 21): ST Engineering reported a 26% drop in 4Q18 earnings to $124.5 million from a year ago.

This brings FY18 earnings to $494.2 million, down 2% y-o-y. Revenue was up 3% at $6.7 billion for the year.

For the quarter under review, group revenue came in 5% higher y-o-y at $1.77 billion while PBT dropped 7% y-o-y to $160.5 million.

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