For FY2020 ended Dec 2020, the company reported earnings of $521.8 million and revenue of $7.2 billion. For 1HFY2021 ended June 30 2021, the company reported earnings of $296.1 million, up 15% y-o-y, on the back of a 2% growth in revenue to $3.65 billion.
ST Engineering has set a 2026 revenue target of more than $11 billion, as it goes about capturing new opportunities across the board in smart city projects, defence and aerospace contracts.
This growth target means the company’s annual revenue growth rate got to be at two to three times faster that of the global GDP. “And our net profits will grow in tandem with our revenue,” says president and CEO Vincent Chong, speaking at the company’s investor day on Nov 16.
