By P.R. Venkat
Singapore Technologies Engineering Ltd. (S63.SG) said its second-quarter net profit rose nearly 18% on year in the second quarter because of higher contributions from its aerospace division.
Net profit for the second quarter ended June was 138.16 million Singapore dollars ($100 million), ST Engineering said Wednesday.
Revenue during the second quarter grew 8% on year at S$1.78 billion.
ST Engineering said its order book at end June stood at S$15.6 billion, of which about S$3.8 billion is expected to be delivered in the remaining months of 2019.
Write to P.R. Venkat at email@example.com
(END) Dow Jones Newswires
August 13, 2019 20:10 ET (00:10 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.