ST Engineering has guided for a net profit for 2HFY2025 ended Dec 31.
The technology, engineering and defence group says it is expecting a positive net profit after taking in all the one-off effects in 2HFY2025.
On Nov 12, ST Engineering announced it had won contracts worth $4.9 billion in its 3QFY2025, which brings its total order book to $32.6 billion. It added that it expects an additional $2.8 billion in contracts to be delivered in the rest of 2025.
ST Engineering’s revenue for 3QFY2025 was up 13% y-o-y to $3.14 billion. The group’s revenue for 9MFY2025 was up 9% y-o-y to $9.1 billion.
As of 9.15 am, shares for ST Engineering are up by 0.72% at $8.43. The company’s shares are up by 79.61% year to date.
