ST Engineering net profit up 15% to $296.1m

The company secured $3.37b worth of new contracts for the first half of 2021.

Singapore Technologies Engineering (ST Engineering) reported a net profit of $295.1m for the first half of 2021, 15% higher than the same period last year.

This was driven by the better operating performance of its Urban Solutions and Satcom and Defence and Public Security segments, which offset the losses from its Commercial Aerospace segment.

“We delivered a good set of results for the first half of 2021 amidst a challenging operating environment. We had also secured contract wins across our businesses that led to a robust order book, which continues to provide revenue visibility in the periods ahead,” said Group President and CEO Vincent Chong in a bourse disclosure.

In the second quarter of 2021, ST Engineering secured $1.82b of new contracts: $874m for commercial aerospace, $284m for urban solutions and Satcom, and $660m for Defence and Public Security. This is in addition to the $1.55b announced for the first quarter.

Follow the link for more news on

ST Engineering

Financial Statements

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia