Shares & Derivatives
ST Engineering Aerospace and Electronics Balance Up Weak Marine Sector
By My Sweet Retirement  •  November 8, 2015
ST Engineering announces its third quarter 2015 results on 6th November 2015. Revenue fell 3% to $1.50 billion from $1.55 billion as compared to the same quarter last financial year. Profit Before Tax (PBT) is expected to be lower than 2014. Revenue By Sector Aerospace The revenue for the Aerospace sector is $506 million, up 8% as compared to 3Q2014. The was due to higher engines output in the Component/Engine Repair & Overhaul business group that was partially offset by lower revenue from the Aircraft Maintenance & Modification business group. Electronics Revenue for the Electronics sector is $429 million, up 21%. Three business groups (Large-Scale Systems Group, Communication & Sensor Systems Group, Software Systems Group) recorded higher sales mainly due to higher value project milestone completions and increased satellite communication product sales. Land Systems Revenue for Land Systems sector fell 11% to $319 million. This was due to lower revenue from Munitions & Weapons ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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