November 23, 2014 8:49 AM ET

Aerospace and Defense

Company Overview of Singapore Technologies Engineering Ltd

Company Overview

Singapore Technologies Engineering Ltd, an investment holding company, provides engineering and related services worldwide. It operates in four segments: Aerospace, Electronics, Land Systems, and Marine. The Aerospace segment provides maintenance and engineering services, such as airframe, engine, and component maintenance, repair, and overhaul services; engineering design and technical services; and aviation materials and management services, including total aviation support. The Electronics segment designs, develops, and integrates electronics and communications systems, such as broadband radio frequency and satellite communication, e-government solutions, information communications techno...

ST Engineering Hub

1 Ang Mo Kio Electronics Park Road No. 07-01

Singapore,  567710

Singapore

Founded in 1997

23,000 Employees

Phone:

65 6722 1818

Fax:

65 6720 2293

Key Executives for Singapore Technologies Engineering Ltd

Chief Executive Officer
Age: 56
Total Annual Compensation: $3.9M
Compensation as of Fiscal Year 2013.

Singapore Technologies Engineering Ltd Key Developments

Singapore Technologies Engineering Ltd Appoints Lee Fook Sun as Deputy CEO

Singapore Technologies Engineering Ltd. announced Mr. Lee Fook Sun, currently President of Singapore Technologies Electronics Limited (ST Electronics) and President, Defence Business of ST Engineering, will assume additional responsibilities as Deputy CEO of the company. In this new position, he will explore additional synergies across the Group's four business sectors.

Singapore Technologies Engineering Ltd Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year 2014

Singapore Technologies Engineering Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenue was SGD 1,552.926 million against SGD 1,549.882 million a year ago. Profit from operations was SGD 142.885 million against SGD 157.904 million a year ago. Profit before taxation was SGD 151.679 million against SGD 167.995 million a year ago. Profit for the period attributable to shareholders of the company was SGD 121.299 million against SGD 131.401 million a year ago. Net cash from operating activities was SGD 39.715 million or 3.89 cents per diluted share against SGD 224.835 million or 4.24 cents per diluted share a year ago. Lower cash flow generated largely because of unfavorable move in working capital offset by also favorable dividends from payment to supplies in the quarter. Purchase of property, plant and equipment was SGD 39.220 million against SGD 82.206 million a year ago. Acquisition of other intangible assets was SGD 8.330 million against SGD 1.725 million a year ago. EBITDA and EBIT of the group dropped 4% and 10%, respectively. EBIT dropped 10% about SGD 15 million. For the nine months, revenue was SGD 4,691.107 million against SGD 4,691.947 million a year ago. Profit from operations was SGD 424.561 million against SGD 478.806 million a year ago. Profit before taxation was SGD 483.307 million against SGD 513.586 million a year ago. Profit for the period attributable to shareholders of the company was SGD 391.680 million 12.55 cents per diluted share against SGD 413.310 million 13.31 cents per diluted share a year ago. Net cash from operating activities was SGD 438.910 million against SGD 709.741 million a year ago. Purchase of property, plant and equipment was SGD 3.559 million against SGD 9.631 million a year ago. Acquisition of other intangible assets was SGD 24.563 million against SGD 7.613 million a year ago. EBIT dropped 11%, cushioned by more other income and finance costs. For 2014, the company expects the revenue to remain comparable. But the profit before tax is now expected to be lower compared to full year 2013.

Singapore Technologies Engineering Ltd to Report Q3, 2014 Results on Nov 07, 2014

Singapore Technologies Engineering Ltd announced that they will report Q3, 2014 results at 11:00 AM, Singapore Standard Time on Nov 07, 2014

Recent Private Companies Transactions

Type
Date
Target
Buyback
April 24, 2014
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