ST Engineering Q1 Revenue Up 4%, Misses Expectation; Shares Fall 6.29%
MT Newswires05-09
ST Engineering's (SGX:S63) revenue was up 4% to SG$446 million during the first quarter of the year from SG$429 million a year earlier, according to a Friday filing with the Singapore Exchange.
During the period, the company secured contracts worth SG$4.4 billion, taking the order book to SG$29.8 billion as at March 31.
Defense and public security segment accounted for SG$2.7 billion of the new orders.
The engineering company declared an interim dividend of SG$0.04 per share for the period.
ST Engineering tumbles 6.29% at 10:46 am, May 13th.
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