ST Engineering records 9MFY2024 revenue of $8.3 billion, up 14% y-o-y

Singapore Technologies Engineering says it has increased its revenue by 14% y-o-y to $8.3 billion for its 9MFY2024 ended Sept 30.

The jump was led by "significant" 3QFY2024 growth in its defence and public sector segment. In the 9MFY2024, this market segment recorded 18% y-o-y higher revenue, reaching $3.6 billion, says the company in its 3QFY2024 business update.