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ST Engineering’s 1HFY2024 earnings up 20% y-o-y to $336.5 mil, secures $6.1 bil in new contracts

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
ST Engineering’s 1HFY2024 earnings up 20% y-o-y to $336.5 mil, secures $6.1 bil in new contracts
ST Engineering ended 1HFY2024 with an order book of $27.9 billion. Photo: ST Engineering
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Singapore Technologies Engineering (ST Engineering) has posted earnings of $336.5 million for 1HFY2024 ended June, 20% higher y-o-y compared to the previous corresponding period.

The company recorded a revenue of $5.52 billion for 1HFY2024, a 14% growth y-o-y, driven by higher contributions from all three business segments. 

Group ebitda was $786 million, up 11% y-o-y from $711 million. Group ebit increased by 18% y-o-y to $523 million from $444 million.

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