By Justina Lee
Singapore Technologies Engineering Ltd. (S63.SG) reported a 3.4% increase in net profit for the third quarter, helped by higher revenue.
Third-quarter net profit was S$139.1 million (US$102.3 million), compared with S$134.6 million in the same period last year, the company said Monday.
Revenue rose 27% to S$2.07 billion, driven by higher revenue contributions from its aerospace, electronics and marine sectors.
The company expects its robust order book of S$15.9 billion to continue providing revenue visibility for the next few years, said Vincent Chong, ST Engineering president and chief executive officer.
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