ST Engineering 2Q2015 – Interim Dividend of 5 cents per Ordinary Share

ST_Engineering_2Q2015

Singapore, 14 August 2015 – Singapore Technologies Engineering Ltd (ST Engineering) announced today financial results for its second quarter ended 30 June 2015 (2Q2015). Group revenue was $1.55b compared to $1.59b in the same quarter last year, and profit before tax (PBT) was $158.5m compared to $163.7m. Net profit after tax (Net Profit) was 6% down at $125.0m versus $133.2m.

New Contracts for 2Q2015

  • $920m was from the Aerospace sector
  • $424m from the Electronics sector.

Dividend

The board has announced an interim ordinary dividend of 5 cents per ordinary share.

It will be paid on 3rd September 2015.

Amara Holdings – Weak 2Q 2015

Amara

The Singapore Tourism Board has moderated its forecast for 2015 to 15.5 million visitor arrivals. However, with the additional room supply in 2015, the hospitality sector could be challenging.

The launching of key initiatives such as a S$35 million partnership with Changi Airport Group and a S$20 million global marketing campaign aim to improve visitor arrivals.

Group revenue for 2Q 2015 decreased marginally by 3% to $19.1 million, from $19.7 million in 2Q 2014. This was due to absence of revenue from development property sold, partially offset against higher revenue from Hotel Investment and Management segment and rental income from investment properties in the Property Investment and Development segment. Read More