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ST Engineering's 3Q earnings up 67% to $128.4 mil on absence of one-off charge

Michelle Zhu
Michelle Zhu11/8/2017 07:37 AM GMT+08  • 2 min read
ST Engineering's 3Q earnings up 67% to $128.4 mil on absence of one-off charge
SINGAPORE (Nov 8): ST Engineering posted a 67% increase in 3Q17 earnings of $128.4 million compared to $76.7 million a year ago due to the absence of a $61.1 million one-off charge incurred in 3Q16 for its Specialty Vehicle business in China.
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SINGAPORE (Nov 8): ST Engineering posted a 67% increase in 3Q17 earnings of $128.4 million compared to $76.7 million a year ago due to the absence of a $61.1 million one-off charge incurred in 3Q16 for its Specialty Vehicle business in China.

Group revenue for 3Q ended Sept grew 1% to $1.62 billion from $1.61 billion in the same period last year with higher contributions from the Aerospace and Electronics sectors.

Aerospace revenue grew 8% to $608 million from $563 million with PBT at $66.3 million compared to $65.2 million a year ago.

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