ST Engineering net profit after tax for the third quarter ended 30 September 2012 (3Q2012) grew 9% to $146.4 million from the same period last year.
Group revenue grew 11% to $1.54 billion, driven by higher revenue contributions from all sectors except for the Marine sector.
In 3Q2012, the Aerospace sector’s revenue of $505 million was higher by 9%, and its PBT of $85.3m was comparable year-on-year.
The Electronics sector’s 3Q2012 PBT was 11% or $3.8 million higher at $40.1 million on the back of a 10% or $30 million increase in revenue to $341 million.
The Land Systems sector’s 3Q2012 revenue rose 27% or $84 million to $391 million, while PBT rose 30% or $4.6 million to $19.9 million.
The Marine sector’s 3Q2012 revenue of $236 million was lower by 7% or $19 million, while its PBT was comparable year-on-year.
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