212 views

ST Engineering revenue jumps 19% YoY to $6.5b in 9M22

Higher contributions from all business segments drove the increase.

ST Engineering posted a $6.508b revenue in the first nine months of the financial year 2022, its latest business update showed.

Compared to 9M21, the company's revenue grew 19%.

In a bourse filing, ST Engineering attributed its bigger revenue to higher contributions across all its business segments.

In 9M22, its commercial aerospace business saw a 25% YoY jump in its revenue, hitting $2.2b.  The strong PTF demand supported the segment.

Quarter-on-quarter, the segment grew 28%.

Meanwhile, the Urban Solutions & Satcom (USS) and Defence and Public Security businesses grew 54% YoY to $1.2b and 6% YoY to $3.1b, respectively, in 9M22.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!