The earnings season is almost winding down but a few results are still trickling in. We saw strong sets of results from blue-chip firms City Developments Limited (SGX: C09) and local carrier Singapore Airlines Limited (SGX: C6L). The property giant saw its core net profit before tax jump sharply while Singapore’s flagship airline announced a record quarterly net profit. Yet another blue-chip name, Singapore Technologies Engineering Ltd (SGX: S63), or STE, has turned in its fiscal 2023’s first half (1H 2023) report card. The engineering group saw revenue growth for all three divisions and reported a record-high order book. Here are five highlights from STE’s 1H 2023 earnings report.

1. Stronger financials with higher cash flow generation

For 1H 2023, STE’s revenue climbed 13.9% year on year to S$4.9 billion, buoyed by a year-on-year increase in revenue across all its three core divisions. Operating profit jumped 16.8% year on year to S$420.8 million....