ST Engineering reports first half earnings

Singapore Technologies Engineering (ST Engineering) has posted revenues of $5.5bn for the first half of the year 2024. It marks a 13.5% increase over last year’s first half. The company’s profit after tax was up 22% to $348.2 million. In addition, its EBITDA was up 10.6% to $786.1 million, while its EBIT was up 17.7% to $522.9 million. The company’s commercial aerospace segment revenue was up 20% to $2.23bn. The company said strong growth from aerospace MRO and aerostructures & systems helped drive the increase. EBIT for the segment was up 7% to 189.7 million. The result was partially offset