ST Engineering reports 3QFY2023 revenue of $2.4 bil, 9% higher y-o-y

Singapore Technologies Engineering (ST Engineering) has reported revenue of $2.4 billion for the 3QFY2023 ended Sept 30, 9% higher y-o-y.

Revenue for the 9MFY2023 rose by 12% y-o-y to $7.3 billion. During the 9MFY2023, revenue grew by double digits across the group’s businesses except for defence & public security, which fell by 1% y-o-y to $3.09 billion. Excluding its US marine business, however, the segment was up by 6% y-o-y.