ST Engineering posts 3.3% higher Q2 net profit of $148 mil

ST Engineering reported a net profit of $147.9 million for the second quarter ended June 30, 2013 (2Q13), up 3.3% a year ago.

Earnings per share for 2Q13 worked out to 4.78 cents, up from 4.67 cents in 2Q12.

Revenue rose to $1.59 billion, 1.7% higher from $1.57 billion previously.

The increase came on the back of positive contributions from most of its business segments. In particular, the marine sector reported a 12% increase in revenue to $311 million, on the back of higher shipbuilding activities in Singapore.