Cost of sales in 2HFY2023 widened by 8.4% to $4.25 billion, while gross profit grew 16.8% y-o-y to $992.34 million. Ebit increased 34% to $470 million.
Singapore Technologies Engineering (ST Engineering) has posted earnings of $305.9 million for its 2HFY2023 ended December, up 19.9% y-o-y on strong business growth, higher productivity and cost savings.
Revenue was up 10% y-o-y to $5.2 billion, largely due to the growth of its commercial aerospace segment.
