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ST Engineering posts 15% higher earnings of $296.1 mil for 1H21 on higher revenue, EBIT

Felicia Tan
Felicia Tan • 3 min read
ST Engineering posts 15% higher earnings of $296.1 mil for 1H21 on higher revenue, EBIT
The group has declared an interim dividend of 5.0 cents per share for the period.
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Singapore Technologies Engineering (ST Engineering) has posted earnings of $296.1 million for the 1HFY2021 ended June, 15% higher than earnings of $257.4 million in the year before.

Correspondingly, earnings per share (EPS) for the period rose 15% y-o-y to 9.50 cents.

This is the first time that the group is reporting its results under its new financial reporting framework since its new organisational structure that was in place since Jan 1.

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