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ST Engineering sees 1HFY2022 earnings dip by 5.4% y-o-y to $280.0 mil

Felicia Tan
Felicia Tan8/12/2022 08:15 AM GMT+08  • 3 min read
ST Engineering sees 1HFY2022 earnings dip by 5.4% y-o-y to $280.0 mil
A second interim dividend of 4 cents per share has been declared, and payable on Sept 2. Photo: Albert Chua/The Edge Singapore
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Singapore Technologies Engineering (ST Engineering) has reported earnings of $280.0 million for the 1HFY2022 ended June, which is down by 5.4% y-o-y.

Revenue was up by 17% y-o-y to $4.27 billion in the same period as it saw growth across all segments.

Revenue for ST Engineering’s commercial aerospace segment rose 24% y-o-y to $1.40 billion as its aerospace maintenance, repair and overhaul (MRO) and aerostructure & systems sub-segments posted higher revenues driven by increased MRO services and nacelles delivery.

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