AERO TRADING GROUP Corp

ST Engineering reports H1 2021 results

ST Engineering reports H1 2021 resultsST Engineering reports H1 2021 results

Singapore Technologies Engineering Ltd (ST Engineering) has reported group revenue for the first six months was $3.65b, up 2% from $3.57bn a year ago in the same period. Group EBIT was $355.1m, up 13% year-on-year (y-o-y) from $314.1m, while group profit before tax (PBT) grew 19% y-o-y to $339.8m from $286.4m, and first-half group profit attributable to shareholders (net profit) grew 15% to $296.1m from $257.4m. Commercial Aerospace revenue was $1.14b, 10% lower y-o-y from $1.27b as its sub-segments Aerospace MRO and Aerostructure & Systems continued to be impacted by the subdued aviation sector (COVID-19 impact not yet felt in

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